The Chinese activity data is here:

AUD losing a little more:

IP miss, retail miss …. and also investment missed (check out that first link for the numbers). In the details, private investment growth slows also.

Bad news not only for China and AUD but also for the region generally, less demand from China.

The stats bureau says:

  • need efforts to achieve full-year employment target
  • will resist downward economic pressure

Yep, the flip side of bad data out of China is the promise of more stimulus.