It’s all bullshit anyway.
Chinese GDP came in at 6.9% v 6.8% expectations. Services now makes up more than 51%, which bodes well for our companies who sell crap to Chinese people. Chinese retail sales rose by 10.9% last month. On the other hand, Chinese industrials continue to struggle, which is why commodities have been stuck in a bear market. .
Copper, gold and oil haven’t moved on this data, nor have US futures.
In my opinion, these numbers are good enough to keep the Chinese boogeyman out from US closets, trying to scare the shit out of us while we’re trying to sleep.
That was fucking good. Admit it.
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It’s a made up number.
the chinese would never do that