China July data to show signs of growth stabilising

The Star Online

China's exports, factory output and retail sales may have all edged up in July, a Reuters poll showed, pointing to initial signs of stabilisation in the economy as the government takes targeted steps to head off a sharper slowdown. The Reuters poll of 26 economists showed consumer inflation likely quickened to a five-month high in July, indicating limited room for the central bank to loosen policy to support the economy, which has slowed in nine of the past 10 quarters. While keeping the door shut for big stimulus, the government has unveiled polices to boost spending in social housing, urban infrastructure, high-speed rail and energy-saving industries, and tax breaks for small firms.

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