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Chinese retail sales drop not as bad as headline print would indicate

July 17, 2020 at 07:12AM

Chinese retail sales drop not as bad as headline print would indicate
Via Bloomberg
The Hang Seng (-2.00%) and the Shanghai Composite (-4.50%) were lower on Thursday due to the drop in China’s retail sales. The print came in at -1.8% vs +0.3% expected and the market focused on this data as it knocked investors confidence of a fairly swift global economic recovery. See print below:

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