PBOC-backed Chinese media says China ought to focus coverage on boosting client demand

Via People’s Bank of China financial news outlet in China, an anlsyst pice:

• China should shift policy initiatives towards boosting consumer demand
• policy should move away from expanding credit

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The recent data in China pretty much highlights that more needs to be done to bolster domestic demand. while factory output is performing solidly retail sales are disappointing:

• China April March Industrial output +6.7%y/y (expected +5.5%) Retail sales +2.3%(3.8% exp)

This article was written by Eamonn Sheridan at www.forexlive.com.