Industrial production in China slows down in July

Note: This section contains information in English only.
Source: FXstreet
The data released on Wednesday showed that industrial production in China slowed down to 6% year-on-year in July, missing the estimated 6.6%. Moreover, the growth in retail sales slowed to 10.5% year-on-year. Meanwhile, weak production figures and the fall in the domestic retail sales in China triggered the PBoC for the further Yuan devaluation, in order to support economy and defend export. 

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