China's Stats Bureau: China's consumption to remain steady in H2

Omkar Godbole FXStreet Contributor

China's Stats Bureau says consumption is likely to remain steady in the second half of this year and sees trade frictions with the US having limited impact on limited impact on consumer price index (CPI), according to Reuters.

Key quotes (Source: Reuters)

Needs to assess impact on China's economy in h2 from trade frictions with US
China's prudent monetary policy will help keep consumer inflation steady in h2
Sees limited impact on China's consumer prices from trade frictions with the US
June retail sales growth dragged by delayed auto buying in anticipation of the tariff cut
Expects china's consumption to remain steady in h2
Expects china's property investment growth to be relatively fast in h2
Expects China's fixed-asset investment growth to be steady in h2
Expects no change in China's steady, improving trend in its economy

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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