China’s economy improves in June from lockdown-induced slump – Bloomberg Economics China GDP Coronavirus
The overall gauge returned to the neutral level after deteriorating for two straight months.
That can be seen in a rebound in small business confidence, which started growing again after contracting for two months. Markets remain cautious amid a slump in the Chinese Industrial Profits and ongoing recession fears. USD/CNY, however, remains slightly offered near 6.6880 so far this Monday. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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