▼ Bearish
China's retail sales in July rose by 0.6% year-on-year, missing the estimated increase of 1.5%.
Industrial output grew by 4.5%, below the expected 5% growth, while fixed asset investment declined by 6.7% year-on-year.
These figures suggest a continued economic slowdown in China, which may impact global markets, including cryptocurrencies.
Reporting aggregated and summarized by CLOM — research & education, not financial advice.