China's economy is performing well, but do be aware of the substantial 'base effects' coming in the y/y data coming off a poor April 2020 when the country was in the midst of it pandemic response.

Industrial Production 9.8% y/y, slight miss

  • expected 10%, prior was 14.1%

Industrial Production YTD 20.3% y/y

  • expected 21.1%, prior was 24.5%

Fixed Assets (excluding rural) YTD 19.9% y/y

  • expected 20.0%, prior was 25.6%

Retail Sales 17.7% y/y for a substantial miss, a sign the domestic economy is not as strong as expected

  • expected 25.0%, prior was 34.2%

Retail Sales YTD 29.6% y/y

  • expected 31.9%, prior was 33.9%

More:

Unemployment rate 5.1%

  • expected 5.2%, prior 5.2%