On July 9, China's National Bureau of Statistics released economic data for June. The value added of industrial enterprises above designated size increased by 6.8% year-on-year, while the CPI rose by 1.0% year-on-year, indicating that production and supply remained relatively strong, but demand recovery was relatively slow. The data shows that the current Chinese economy is characterized by strong supply and weak demand, strong investment and we…
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On July 9, China's National Bureau of Statistics released economic data for June. The value added of industrial enterprises above designated size increased by 6.8% year-on-year, while the CPI rose by 1.0% year-on-year, indicating that production and supply remained relatively strong, but demand recovery was relatively slow. The data shows that the current Chinese economy is characterized by strong supply and weak demand, strong investment and we…