China Unexpectedly Cuts Rates As Terrible Econ Data Confirms “Alarming” Slowdown, Yields Plunge

Has Beijing finally realized it will need to step in aggressively if it wants to avoid an economic collapse? Moments ago, and just days after the release of China’s dismal woeful new credit data, the National Bureau of Statistics reported the July data dump which was just awful. Among the latest monthly data: Industrial production […]

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