Good morning. There’s a bunch of new China news.
Here’s a quick roundup:
- The PBOC has just announced another 50 basis point hike to the reserve requirement ratio.
- That hike comes after inflation hit 5.5% in May.
- Industrial production hit 13.3% above the 13.1% analysts were looking for.
- Retail sales grew at a brisk 16.9%.
For whatever reason the market likes it all. Everything is on a tear right now.
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