State Street: Chinese economic data weaker than consensus estimates

Ridhima Sharma
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State Street: Chinese economic data weaker than consensus estimates

The first set of official Chinese data came out post the Lunar New Year holidays clearly indicates a major dent to 1Q growth as officials locked down the country to prevent the spread of the coronavirus. Retail sales, fixed asset investment and industrial production dropped by double digits in the first two months and came in much weaker than consensus estimates. However, this wasn't a big surprise to markets as the domestic equity market, CNY and CNH were all relatively unchanged post the da...

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