China's Q2 GDP data is due in circa 30........>

CHINA: China's Q2 GDP data is due in circa 30 minutes. Consensus looks for Y/Y

GDP growth of 6.7%, from a prior 6.8%, with a low estimate of 6.5% and a high

estimate of 6.8%.

- Westpac notes that "the past few months have been an interesting time for

China. Momentum in their PMIs has remained robust despite decelerating external

demand. Against this however, the pursuit of 'quality development' has resulted

in growth in non-bank lending being heavily restricted and only partly offset by

increased lending by banks. A further slowing in growth is expected in the

second half of 2018, once the seasonal Q2 kick higher fades and as consumers

remain unable/unwilling to accelerate their marginal consumption to offset."