China June Retail Sales 9.8% y/y (vs. expected 8.5%)

Retail sales data for China has been coming in not as soft as exected

Retail Sales 9.8% y/y, bit beat.

• expected 8.5%, prior was 8.6%

Retail Sales YTD 9.4 % y/y

• expected 8.2%, prior was 8.1%

more to come