Yuan Tumbles After Chinese Economic Data Dump; Youth Jobless Rate Hits Record High
June 14, 2023 at 22:34 PM EDT
Courtesy of ZeroHedge An ugly night of data from China tonight suggests the ‘re-opening’ is not gathering pace: China May Retail Sales disappointed, rising 12.7% Y/Y; Est. 13.7% – which is a flashing red indicator. Given the boost from the Golden Week holiday, May retail sales rising just 0.4% from April speaks to how consumer […] Source
