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Where Independent Traders, Investors, and Dribblers Thrive
China’s Foreign Exchange reserves fell by USD27bn in…
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China’s industrial production and fixed asset investment a positive tone.
On a year-on-year basis, industrial production gained by 7.2% in January-February (consensus: 6.2%).
Fixed asset investment grew 7.9% in January-February also beating the market expectations by a large margin.
Retail sales came in roughly in line with market consensus, at 9.7% y/y for Jan-Feb.
Both CNY and CNH gaining some ground.
China’s holdings of US treasuries dropped to lowest level since July with $1.17 trn in January.
China is still the largest creditor to US ahead of Japan with $1.07 trn.
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