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15 July 2021
5 min read

China recovery stabilising, Aussie unemployment beat


Fears of a China slowdown seem unfounded for now.

The data was reasonably encouraging, with growth in both industrial output & retail sales.

China’s V-Shaped Recovery Steadies as Retail Spending Gains
China’s economic growth slowed largely in line with economists forecasts in the second quarter, with the recovery showing signs of steadying and more balance as consumer spending picked up.

  • Industrial output rose 8.3% in June from a year earlier, beating the median estimate of 7.9%
  • Retail sales expanded 12.1% in June; median forecast was 10.8%
  • Fixed-asset investment climbed

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