The latest batch of economic data from China featured a little something for everyone. For those thinking about a second half rebound, retail sales gained nearly 10% in June. It was the first time near to double digits since March 2018. At the other end of the spectrum, Real GDP rose just 6.2% year-over-year in the second quarter. That's the lowest in modern China's history.
The rest of the data fell somewhere in between, a muddled middle of low-state growth and cancelling oscillations. Some are already seeing that as the point, given the obvious context