Upbeat August Chinese Data Suggests PBOC to Leave Rates Unchanged for Longer

<p>The latest set of macroecononmic indicators in China suggests that economic activities surprised to the upside in August. Growth in industrial production accelerated while retail sales gained first the first time since February. Better-than-expected data in August signals that it is less likely for PBOC to cut interest rates. Industrial production expanded +5.6% y/y in […]</p>
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