China NBS: Downward pressure still exists

Reuters reports the latest statement published by China’s National Bureau of Statistics following the release of mixed Chinese macro news.

China economy generally steady in Jan-Feb.

Economy faces external uncertainties.

Downward pressure still exists.

China Fixed Asset Investment (YTD) (YoY) came in at 6.1%, above expectations (6%) in February

China Fixed Asset Investment (YTD) (YoY) came in at 6.1%, above expectations (6%) in February
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AUD/USD keeps the red near 50-hour MA after mixed China data

AUD/USD continues to trade in the red near the 50-hour moving average (MA) support of 0.7073 despite the better-than-expected China retail sales data.
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