Friday, August 10, 2012

Stimulus to follow weak Chinese data?



Published on Aug 10, 2012 by
http://www.euronews.com/ The latest Chinese trade and bank lending figures make it more likely there will be urgent pro-growth action by the Beijing government to stabilise the economy.

Exports in July were up by just one percent from a year ago and new loans were at their lowest in ten months.

That comes one day after we learned that China's factory output rose at its lowest pace in three years and retail sales there were weak.
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