China Unexpectedly Fails To Follow Fed Rate Hike After "Shockingly Weak" Economic Data
Zero Hedge -

It was just yesterday when we noted the sharp collapse in the Chinese credit impulse, when in May, the PBOC reported that Total Social Financing grew at the slowest pace since July 2016, as a result of a full-blown crackdown on China's shadow credit system.

Barely 24 hours later, China served not one but two major surprises that were the direct result of the sharp slowdown in China's credit dynamo.

On Thursday China reported activity data including industrial production, fixed asset...


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