📆 Tuesday, August 14
► China's central bank unexpectedly trimmed a key interest rate, marking the CNY’s weakest level since November. Officials lowered the medium-term lending facility rate from 2.65% to 2.5%.
► July's data reveals that China's economy continues to struggle with industrial production at 3.7% year-on-year – down from June's 4.4% – and retail sales growth at 2.5% (below the expected 4.5%).
► In addition, China's troubled property sector remains under the microscope. Debt concerns rose as Country Garden Holdings missed payments and China-focused hedge funds reporting losses take center stage.
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