China’s Latest Data Hints at Growth Target Undershooting

A slew of data out of China on Thursday suggested continued slack in the world’s second largest economy, which looks on track to undershoot the government’s annual 7.5 percent growth target, say economists.

Chinese industrial production and retail sales data missed expectations in October, extending a trend of below-view indicators amid a backdrop of slowing growth.

Industrial production rose 7.7 percent on year in October, below expectations for an 8 percent increase in a Reuters poll. Meanwhile, retail sales rose 11.5 percent on year, slightly below expectations for an 11.6 percent rise.

Fixed asset investment for the January-October period increased 15.9 percent, in line with expectations.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza