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Chinese data so far mixed - Q2 GDP data looms LARGE

Written by Andrew Isbister on July 13th, 2012.      0 comments

Of obvious influence on the Australian economy, is Chinese economic data. Chinese data released this week showed imports from Australia fell 18.3% in June. However China has seen property sales for the second quarter rebound sharply, suggesting the economy is not doing as badly as possibly expected.
Both export and import growth in June slowed, with the export growth decline sharper than market expectation. China has cut fuel prices by 5%, in an effort to lower production costs and boost consumption. Chinese GDP data is to be released at 2:00 PM NZT today (AEST 12:00).
 

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