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Truly bad “possibilities” on a debt ceiling default move up in the calendar

China’s economy staggers in June quarter

China’s economy grew at just a 0.4% rate in the June quarter. Thanks to a Pandemic lockdown that covered 350 million people, China’s GDP grew at the second lowest rate ever recorded. Shanghai’s economy, for example, contracted by 13.7% in the second...
China Covid cases near April peak; Beijing, Shanghai tighten restrictions

China’s economy slows at unexpectedly high speed

Retail sales rose just 2.5% in August from a year earlier, China’s National Bureau of Statistics reported today. The estimate from economists surveyed by Bloomberg was for 7% year over year growth. Retail sales grew at an 8.5% pace in July. Industrial production...
China Covid cases near April peak; Beijing, Shanghai tighten restrictions

China economy slows more than expected in July

The Chinese government reported today that the country’s economy slowed more than expected in July. Retail sales were crimped by tough new virus restrictions introduced toward the end of the month to contain fresh outbreaks. Retail sales rose by 8.5% near over...
China car sales gain for fourth straight month

China car sales gain for fourth straight month

Preliminary figures for July show vehicle sales in China advancing for a fourth straight month as buyers gradually return to auto showrooms. The figures are good news for China’s economy as a whole, which looks to have returned to growth–very modest...
China is the big wild card this week

China is the big wild card this week

China isn’t the only story out there with market moving potential but it is the “ripest.” We won’t have anything but anecdotal accounts of the collapse of social distancing at events across the country this weekend and we won’t know how...
China GDP plunges by 6.8% in first quarter

China GDP plunges by 6.8% in first quarter

China’s gross domestic product contracted by 6.8% from a year ago in the first quarter. Economists had projected a 6.0% drop. The decline was the worst since the government began releasing quarterly GDP numbers in 1992. Other numbers in today’s data dump...