Chinese Data Dump Shows Continued Slowdown In Local Economy

[To-Whose-Benefit?]

zerohedge
Tyler Durden, Sept 13, 2018

[excerpt]

https://www.zerohedge.com/news/2018-09-13/chinese-data-dump-shows-continued-slowdown-local-economy

One month after China's latest data dump disappointed across the board, moments ago the National Bureau of Statistics, released the latest Retail sales, Industrial output and Fixed investment data, which was a modest improvement with 1 beat, 1 meet, and 1 miss as follows:

    China Jan.-Aug. Fixed Investment Miss; Rises 5.3% Y/Y; Est. 5.6%
    China Aug. Industrial Output Meet: Rises 6.1% Y/Y; Est. 6.1%
    China Aug. Retail Sales Beat: Rise 9.0% Y/Y; Est. 8.8%

While the rebound in retail sales was welcome (if modest) after several months of missing analyst expectations, China's fixed investment - historically the biggest driver behind the economy - rose at the lowest pace on record