China's NBS (the stats bureau) says economic growth was steady in April.
One thing in demand is lipstick for this set of pigs:
- China Retail sales for April: 7.2% y/y (expected 8.6%)
- China April Industrial production: 5.4% y/y (expected 6.5%)
- China Fixed asset investment (excl rural) for April 6.1% y/y (expected 6.4%)
All three of the major data points recorded big misses in April.
More from the NBS:
- China will implement counter0cyclical adjustments to maintain steady healthy economic development
That means more stimulus. They'll do it but the trade war environment is not conducive.
