China data comes in weak

China data for April is in and is still on a weakening growth trend with industrial production up  8.7% year-on-year below expectations of 8.9%:

ip

Retail sales rose 11.9% versus 12.2% expected:

retial

Fixed-asset investment came in at 17.3% versus 17.7% expected:

FAI

No wonder their pushing mortgage again!

Houses and Holes

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