China GDP Growth Disappoints As Credit Impulse Crashes

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China GDP Growth Disappoints As Credit Impulse Crashes

zerohedge2021-07-15

FollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive credit impulse), tonight's Q2 GDP was expected to slow drastically (especially given the crackdown ...

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TCRaN
·2021-07-15
Nice
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1
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DarrenWong
·2021-07-15
[財迷]
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1
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超群yibo
·2021-07-15
Better than many countries in covid pandemic. What is that to disappoints?
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2
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- 2020TS:
  ?
  2021-07-17
  Reply
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ElenaM
·2021-07-15
[Smile]
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1
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Alfred1007
·2021-07-15
Slow down and ready to rebound!
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- Adollar:
  It will rebound!
  2021-07-15
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VL1996
·2021-07-15
Tsla to the moon ??????????????
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3
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DansonYong
·2021-07-15
China is good
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2
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BINGG
·2021-07-15
Nice
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2
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ying118
·2021-07-15
Good
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5
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- spin37gy:
  ?
  2021-07-15
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xinnn
·2021-07-15
oh no
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2
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HoldTheDoor
·2021-07-15
Comment
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- WesleyTWY:
  comment
  2021-07-15
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- vcvcbc:
  Oo
  2021-07-15
  Reply
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Des123
·2021-07-15
wonderful stock
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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina GDP Growth Disappoints As Credit Impulse Crashes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 10:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/economics/china-gdp-growth-disappoints-credit-impulse-crashes>zerohedge</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nFollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive credit impulse), tonight's Q2 GDP was expected to slow drastically (especially given the crackdown ...\n\n<a href=\"https://www.zerohedge.com/economics/china-gdp-growth-disappoints-credit-impulse-crashes\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"399006","symbol_name":"创业板指","start_time":0,"source_url":"https://www.zerohedge.com/economics/china-gdp-growth-disappoints-credit-impulse-crashes","article_id":"1159685383","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1159685383","pubTimestamp":1626315637,"sourceInfo":null,"weMediaInfo":null,"summary":"FollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive ","collect":0,"end_time":0,"defaultTopTitle":"zerohedge.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"399001":"深证成指","399006":"创业板指","HSI":"恒生指数","000001.SH":"上证指数"},"translate_title":"信贷冲动崩溃，中国GDP增长令人失望","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"399001":0.9,"399006":0.9,"000001.SH":0.9,"HSI":0.9},"content_text":"FollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive credit impulse), tonight's Q2 GDP was expected to slow drastically (especially given the crackdown on investment/real estate deleveraging and the collapse in the credit impulse)...\nSource: Bloomberg\nThe question is how much? Consensus estimates called for an 8.0% YoY GDP rise, but whisper numbers were notably lower with Bloomberg Economics' Shu noting thatvarious early indicators are consistent in pointing to some weakening in consumption in June.\n\n “On balance, these indicators suggest production growth - after base effects are taken into account - may have slowed, but only a touch.”\n\nThe official services PMI fell to 52.3 in June from 54.3 in May, while its Caixin counterpart showed a much steeper slide from a strong reading to just slightly above 50 - the line between expansion and contraction.\nThe headline GDP growth figure printed a veryslightly disappointing +7.9% YoY\nSource: Bloomberg\nOn A QoQ basis, Q1 GDP growth was downwardly revised from +0.6% to +0.4% which helped push Q2's QoQ GDP 1.3% higher (better than the +1.0% QoQ expected).\nSource: Bloomberg\nOther data was mixed, withIndustrial Production and Property Investment disappointingas all major data items showed slowing growth...\nSource: Bloomberg\nJuneRetail Salesrose 23.0% YTD YoY (better than the +22.8% expected) but slower than the +25.7% in May.\nJuneIndustrial Productionrose 15.9% YTD YoY (slightlyweaker than the +16.0% expected) and slower than the +17.8% in May.\nJuneFixed Asset InvestmentYTD YoY rose 12.6%, down from the 15.4% rise in May (butbetter than the +12.0% expectation).\nJuneProperty InvestmentYTD YoY rose just 15.0% (worse than the +16.0% expected) and well down from the +18.3% in May.\nJune SurveyedJobless Rate was unchangedat 5.0%.\nThis will likely be a little confusing to traders.\nGiven China's headline data wasn’t terrible, with retail sales even beating estimates,why does the economy needs more central bank support?\nBloomberg's Chief China Markets Correspondent, Sofia Horta e Costa, points out that\"it may be that’s there’s a problem with China’s financial plumbing where banks aren’t lending or credit demand is weak. This is tricky to read.\"\n\n Can we say the RRR cut and calls for lower interest rates are not at all about the economy, but about the banking system? The sector is struggling under the impact of a negative credit impulse, the deleveraging campaign and increasing corporate defaults.\n\nThere is one side note: The country’s energy companies are starting to see demand declining after months of robust increase underpinning the recovery.\nApparent oil demand fell for a second straight month, down 1.7% from a year earlier.\nNo major reactions in markets to any of the data for now as Yuan is leaking lower against the dollar and Chinese bank stocks are rallying.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":147916049,"gmtCreate":1626326804781,"gmtModify":1703757955617,"author":{"id":"3581772577454351","authorId":"3581772577454351","name":"TCRaN","avatar":"https://static.tigerbbs.com/60cd232b0f9d8e680c9d686852e39bcb","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3581772577454351","authorIdStr":"3581772577454351"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/147916049","repostId":1159685383,"repostType":4,"repost":{"id":"1159685383","pubTimestamp":1626315637,"share":"https://ttm.financial/m/news/1159685383?lang=&edition=fundamental","pubTime":"2021-07-15 10:20","market":"sh","language":"en","title":"China GDP Growth Disappoints As Credit Impulse Crashes","url":"https://stock-news.laohu8.com/highlight/detail?id=1159685383","media":"zerohedge","summary":"FollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive ","content":"FollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive credit impulse), tonight's Q2 GDP was expected to slow drastically (especially given the crackdown on investment/real estate deleveraging and the collapse in the credit impulse)...\n<img src=\"https://static.tigerbbs.com/f967a8805af5a8a68b8c2897d3f571bb\" tg-width=\"965\" tg-height=\"532\">Source: Bloomberg\nThe question is how much? Consensus estimates called for an 8.0% YoY GDP rise, but whisper numbers were notably lower with Bloomberg Economics' Shu noting thatvarious early indicators are consistent in pointing to some weakening in consumption in June.\n<blockquote>\n “On balance, these indicators suggest production growth - after base effects are taken into account - may have slowed, but only a touch.”\n</blockquote>\nThe official services PMI fell to 52.3 in June from 54.3 in May, while its Caixin counterpart showed a much steeper slide from a strong reading to just slightly above 50 - the line between expansion and contraction.\nThe headline GDP growth figure printed a veryslightly disappointing +7.9% YoY\n<img src=\"https://static.tigerbbs.com/272b2d1547965e2c73c6086add7bc817\" tg-width=\"965\" tg-height=\"535\">Source: Bloomberg\nOn A QoQ basis, Q1 GDP growth was downwardly revised from +0.6% to +0.4% which helped push Q2's QoQ GDP 1.3% higher (better than the +1.0% QoQ expected).\n<img src=\"https://static.tigerbbs.com/5f261461be73d93909a32afc4752d5fd\" tg-width=\"965\" tg-height=\"532\">Source: Bloomberg\nOther data was mixed, withIndustrial Production and Property Investment disappointingas all major data items showed slowing growth...\n<img src=\"https://static.tigerbbs.com/7cf3d5d708cdc152467ad000e988158d\" tg-width=\"965\" tg-height=\"878\">Source: Bloomberg\nJuneRetail Salesrose 23.0% YTD YoY (better than the +22.8% expected) but slower than the +25.7% in May.\nJuneIndustrial Productionrose 15.9% YTD YoY (slightlyweaker than the +16.0% expected) and slower than the +17.8% in May.\nJuneFixed Asset InvestmentYTD YoY rose 12.6%, down from the 15.4% rise in May (butbetter than the +12.0% expectation).\nJuneProperty InvestmentYTD YoY rose just 15.0% (worse than the +16.0% expected) and well down from the +18.3% in May.\nJune SurveyedJobless Rate was unchangedat 5.0%.\nThis will likely be a little confusing to traders.\nGiven China's headline data wasn’t terrible, with retail sales even beating estimates,why does the economy needs more central bank support?\nBloomberg's Chief China Markets Correspondent, Sofia Horta e Costa, points out that\"it may be that’s there’s a problem with China’s financial plumbing where banks aren’t lending or credit demand is weak. This is tricky to read.\"\n<blockquote>\n Can we say the RRR cut and calls for lower interest rates are not at all about the economy, but about the banking system? The sector is struggling under the impact of a negative credit impulse, the deleveraging campaign and increasing corporate defaults.\n</blockquote>\nThere is one side note: The country’s energy companies are starting to see demand declining after months of robust increase underpinning the recovery.\nApparent oil demand fell for a second straight month, down 1.7% from a year earlier.\nNo major reactions in markets to any of the data for now as Yuan is leaking lower against the dollar and Chinese bank stocks are rallying.","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China GDP Growth Disappoints As Credit Impulse Crashes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina GDP Growth Disappoints As Credit Impulse Crashes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 10:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/economics/china-gdp-growth-disappoints-credit-impulse-crashes>zerohedge</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nFollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive credit impulse), tonight's Q2 GDP was expected to slow drastically (especially given the crackdown ...\n\n<a href=\"https://www.zerohedge.com/economics/china-gdp-growth-disappoints-credit-impulse-crashes\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","HSI":"恒生指数","000001.SH":"上证指数"},"source_url":"https://www.zerohedge.com/economics/china-gdp-growth-disappoints-credit-impulse-crashes","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159685383","content_text":"FollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive credit impulse), tonight's Q2 GDP was expected to slow drastically (especially given the crackdown on investment/real estate deleveraging and the collapse in the credit impulse)...\nSource: Bloomberg\nThe question is how much? Consensus estimates called for an 8.0% YoY GDP rise, but whisper numbers were notably lower with Bloomberg Economics' Shu noting thatvarious early indicators are consistent in pointing to some weakening in consumption in June.\n\n “On balance, these indicators suggest production growth - after base effects are taken into account - may have slowed, but only a touch.”\n\nThe official services PMI fell to 52.3 in June from 54.3 in May, while its Caixin counterpart showed a much steeper slide from a strong reading to just slightly above 50 - the line between expansion and contraction.\nThe headline GDP growth figure printed a veryslightly disappointing +7.9% YoY\nSource: Bloomberg\nOn A QoQ basis, Q1 GDP growth was downwardly revised from +0.6% to +0.4% which helped push Q2's QoQ GDP 1.3% higher (better than the +1.0% QoQ expected).\nSource: Bloomberg\nOther data was mixed, withIndustrial Production and Property Investment disappointingas all major data items showed slowing growth...\nSource: Bloomberg\nJuneRetail Salesrose 23.0% YTD YoY (better than the +22.8% expected) but slower than the +25.7% in May.\nJuneIndustrial Productionrose 15.9% YTD YoY (slightlyweaker than the +16.0% expected) and slower than the +17.8% in May.\nJuneFixed Asset InvestmentYTD YoY rose 12.6%, down from the 15.4% rise in May (butbetter than the +12.0% expectation).\nJuneProperty InvestmentYTD YoY rose just 15.0% (worse than the +16.0% expected) and well down from the +18.3% in May.\nJune SurveyedJobless Rate was unchangedat 5.0%.\nThis will likely be a little confusing to traders.\nGiven China's headline data wasn’t terrible, with retail sales even beating estimates,why does the economy needs more central bank support?\nBloomberg's Chief China Markets Correspondent, Sofia Horta e Costa, points out that\"it may be that’s there’s a problem with China’s financial plumbing where banks aren’t lending or credit demand is weak. This is tricky to read.\"\n\n Can we say the RRR cut and calls for lower interest rates are not at all about the economy, but about the banking system? The sector is struggling under the impact of a negative credit impulse, the deleveraging campaign and increasing corporate defaults.\n\nThere is one side note: The country’s energy companies are starting to see demand declining after months of robust increase underpinning the recovery.\nApparent oil demand fell for a second straight month, down 1.7% from a year earlier.\nNo major reactions in markets to any of the data for now as Yuan is leaking lower against the dollar and Chinese bank stocks are rallying.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":147073499,"gmtCreate":1626323720711,"gmtModify":1703757896753,"author":{"id":"3575008828232704","authorId":"3575008828232704","name":"DarrenWong","avatar":"https://static.tigerbbs.com/394b0b4839a3420149c0a1372405c98d","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3575008828232704","authorIdStr":"3575008828232704"},"htmlText":"[財迷]&nbsp;","listText":"[財迷]&nbsp;","text":"[財迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/147073499","repostId":1159685383,"repostType":4,"repost":{"id":"1159685383","pubTimestamp":1626315637,"share":"https://ttm.financial/m/news/1159685383?lang=&edition=fundamental","pubTime":"2021-07-15 10:20","market":"sh","language":"en","title":"China GDP Growth Disappoints As Credit Impulse Crashes","url":"https://stock-news.laohu8.com/highlight/detail?id=1159685383","media":"zerohedge","summary":"FollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive ","content":"FollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive credit impulse), tonight's Q2 GDP was expected to slow drastically (especially given the crackdown on investment/real estate deleveraging and the collapse in the credit impulse)...\n<img src=\"https://static.tigerbbs.com/f967a8805af5a8a68b8c2897d3f571bb\" tg-width=\"965\" tg-height=\"532\">Source: Bloomberg\nThe question is how much? Consensus estimates called for an 8.0% YoY GDP rise, but whisper numbers were notably lower with Bloomberg Economics' Shu noting thatvarious early indicators are consistent in pointing to some weakening in consumption in June.\n<blockquote>\n “On balance, these indicators suggest production growth - after base effects are taken into account - may have slowed, but only a touch.”\n</blockquote>\nThe official services PMI fell to 52.3 in June from 54.3 in May, while its Caixin counterpart showed a much steeper slide from a strong reading to just slightly above 50 - the line between expansion and contraction.\nThe headline GDP growth figure printed a veryslightly disappointing +7.9% YoY\n<img src=\"https://static.tigerbbs.com/272b2d1547965e2c73c6086add7bc817\" tg-width=\"965\" tg-height=\"535\">Source: Bloomberg\nOn A QoQ basis, Q1 GDP growth was downwardly revised from +0.6% to +0.4% which helped push Q2's QoQ GDP 1.3% higher (better than the +1.0% QoQ expected).\n<img src=\"https://static.tigerbbs.com/5f261461be73d93909a32afc4752d5fd\" tg-width=\"965\" tg-height=\"532\">Source: Bloomberg\nOther data was mixed, withIndustrial Production and Property Investment disappointingas all major data items showed slowing growth...\n<img src=\"https://static.tigerbbs.com/7cf3d5d708cdc152467ad000e988158d\" tg-width=\"965\" tg-height=\"878\">Source: Bloomberg\nJuneRetail Salesrose 23.0% YTD YoY (better than the +22.8% expected) but slower than the +25.7% in May.\nJuneIndustrial Productionrose 15.9% YTD YoY (slightlyweaker than the +16.0% expected) and slower than the +17.8% in May.\nJuneFixed Asset InvestmentYTD YoY rose 12.6%, down from the 15.4% rise in May (butbetter than the +12.0% expectation).\nJuneProperty InvestmentYTD YoY rose just 15.0% (worse than the +16.0% expected) and well down from the +18.3% in May.\nJune SurveyedJobless Rate was unchangedat 5.0%.\nThis will likely be a little confusing to traders.\nGiven China's headline data wasn’t terrible, with retail sales even beating estimates,why does the economy needs more central bank support?\nBloomberg's Chief China Markets Correspondent, Sofia Horta e Costa, points out that\"it may be that’s there’s a problem with China’s financial plumbing where banks aren’t lending or credit demand is weak. This is tricky to read.\"\n<blockquote>\n Can we say the RRR cut and calls for lower interest rates are not at all about the economy, but about the banking system? The sector is struggling under the impact of a negative credit impulse, the deleveraging campaign and increasing corporate defaults.\n</blockquote>\nThere is one side note: The country’s energy companies are starting to see demand declining after months of robust increase underpinning the recovery.\nApparent oil demand fell for a second straight month, down 1.7% from a year earlier.\nNo major reactions in markets to any of the data for now as Yuan is leaking lower against the dollar and Chinese bank stocks are rallying.","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China GDP Growth Disappoints As Credit Impulse Crashes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina GDP Growth Disappoints As Credit Impulse Crashes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 10:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/economics/china-gdp-growth-disappoints-credit-impulse-crashes>zerohedge</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nFollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive credit impulse), tonight's Q2 GDP was expected to slow drastically (especially given the crackdown ...\n\n<a href=\"https://www.zerohedge.com/economics/china-gdp-growth-disappoints-credit-impulse-crashes\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","HSI":"恒生指数","000001.SH":"上证指数"},"source_url":"https://www.zerohedge.com/economics/china-gdp-growth-disappoints-credit-impulse-crashes","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159685383","content_text":"FollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive credit impulse), tonight's Q2 GDP was expected to slow drastically (especially given the crackdown on investment/real estate deleveraging and the collapse in the credit impulse)...\nSource: Bloomberg\nThe question is how much? Consensus estimates called for an 8.0% YoY GDP rise, but whisper numbers were notably lower with Bloomberg Economics' Shu noting thatvarious early indicators are consistent in pointing to some weakening in consumption in June.\n\n “On balance, these indicators suggest production growth - after base effects are taken into account - may have slowed, but only a touch.”\n\nThe official services PMI fell to 52.3 in June from 54.3 in May, while its Caixin counterpart showed a much steeper slide from a strong reading to just slightly above 50 - the line between expansion and contraction.\nThe headline GDP growth figure printed a veryslightly disappointing +7.9% YoY\nSource: Bloomberg\nOn A QoQ basis, Q1 GDP growth was downwardly revised from +0.6% to +0.4% which helped push Q2's QoQ GDP 1.3% higher (better than the +1.0% QoQ expected).\nSource: Bloomberg\nOther data was mixed, withIndustrial Production and Property Investment disappointingas all major data items showed slowing growth...\nSource: Bloomberg\nJuneRetail Salesrose 23.0% YTD YoY (better than the +22.8% expected) but slower than the +25.7% in May.\nJuneIndustrial Productionrose 15.9% YTD YoY (slightlyweaker than the +16.0% expected) and slower than the +17.8% in May.\nJuneFixed Asset InvestmentYTD YoY rose 12.6%, down from the 15.4% rise in May (butbetter than the +12.0% expectation).\nJuneProperty InvestmentYTD YoY rose just 15.0% (worse than the +16.0% expected) and well down from the +18.3% in May.\nJune SurveyedJobless Rate was unchangedat 5.0%.\nThis will likely be a little confusing to traders.\nGiven China's headline data wasn’t terrible, with retail sales even beating estimates,why does the economy needs more central bank support?\nBloomberg's Chief China Markets Correspondent, Sofia Horta e Costa, points out that\"it may be that’s there’s a problem with China’s financial plumbing where banks aren’t lending or credit demand is weak. This is tricky to read.\"\n\n Can we say the RRR cut and calls for lower interest rates are not at all about the economy, but about the banking system? The sector is struggling under the impact of a negative credit impulse, the deleveraging campaign and increasing corporate defaults.\n\nThere is one side note: The country’s energy companies are starting to see demand declining after months of robust increase underpinning the recovery.\nApparent oil demand fell for a second straight month, down 1.7% from a year earlier.\nNo major reactions in markets to any of the data for now as Yuan is leaking lower against the dollar and Chinese bank stocks are rallying.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":147056282,"gmtCreate":1626322467846,"gmtModify":1703757871197,"author":{"id":"3576231291459124","authorId":"3576231291459124","name":"超群yibo","avatar":"https://static.tigerbbs.com/6594cf6901beda8fdf0f00a0e5853f18","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3576231291459124","authorIdStr":"3576231291459124"},"htmlText":"Better than many countries in covid pandemic. What is that to disappoints?","listText":"Better than many countries in covid pandemic. What is that to disappoints?","text":"Better than many countries in covid pandemic. What is that to disappoints?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/147056282","repostId":1159685383,"repostType":2,"repost":{"id":"1159685383","pubTimestamp":1626315637,"share":"https://ttm.financial/m/news/1159685383?lang=&edition=fundamental","pubTime":"2021-07-15 10:20","market":"sh","language":"en","title":"China GDP Growth Disappoints As Credit Impulse Crashes","url":"https://stock-news.laohu8.com/highlight/detail?id=1159685383","media":"zerohedge","summary":"FollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive ","content":"FollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive credit impulse), tonight's Q2 GDP was expected to slow drastically (especially given the crackdown on investment/real estate deleveraging and the collapse in the credit impulse)...\n<img src=\"https://static.tigerbbs.com/f967a8805af5a8a68b8c2897d3f571bb\" tg-width=\"965\" tg-height=\"532\">Source: Bloomberg\nThe question is how much? Consensus estimates called for an 8.0% YoY GDP rise, but whisper numbers were notably lower with Bloomberg Economics' Shu noting thatvarious early indicators are consistent in pointing to some weakening in consumption in June.\n<blockquote>\n “On balance, these indicators suggest production growth - after base effects are taken into account - may have slowed, but only a touch.”\n</blockquote>\nThe official services PMI fell to 52.3 in June from 54.3 in May, while its Caixin counterpart showed a much steeper slide from a strong reading to just slightly above 50 - the line between expansion and contraction.\nThe headline GDP growth figure printed a veryslightly disappointing +7.9% YoY\n<img src=\"https://static.tigerbbs.com/272b2d1547965e2c73c6086add7bc817\" tg-width=\"965\" tg-height=\"535\">Source: Bloomberg\nOn A QoQ basis, Q1 GDP growth was downwardly revised from +0.6% to +0.4% which helped push Q2's QoQ GDP 1.3% higher (better than the +1.0% QoQ expected).\n<img src=\"https://static.tigerbbs.com/5f261461be73d93909a32afc4752d5fd\" tg-width=\"965\" tg-height=\"532\">Source: Bloomberg\nOther data was mixed, withIndustrial Production and Property Investment disappointingas all major data items showed slowing growth...\n<img src=\"https://static.tigerbbs.com/7cf3d5d708cdc152467ad000e988158d\" tg-width=\"965\" tg-height=\"878\">Source: Bloomberg\nJuneRetail Salesrose 23.0% YTD YoY (better than the +22.8% expected) but slower than the +25.7% in May.\nJuneIndustrial Productionrose 15.9% YTD YoY (slightlyweaker than the +16.0% expected) and slower than the +17.8% in May.\nJuneFixed Asset InvestmentYTD YoY rose 12.6%, down from the 15.4% rise in May (butbetter than the +12.0% expectation).\nJuneProperty InvestmentYTD YoY rose just 15.0% (worse than the +16.0% expected) and well down from the +18.3% in May.\nJune SurveyedJobless Rate was unchangedat 5.0%.\nThis will likely be a little confusing to traders.\nGiven China's headline data wasn’t terrible, with retail sales even beating estimates,why does the economy needs more central bank support?\nBloomberg's Chief China Markets Correspondent, Sofia Horta e Costa, points out that\"it may be that’s there’s a problem with China’s financial plumbing where banks aren’t lending or credit demand is weak. This is tricky to read.\"\n<blockquote>\n Can we say the RRR cut and calls for lower interest rates are not at all about the economy, but about the banking system? The sector is struggling under the impact of a negative credit impulse, the deleveraging campaign and increasing corporate defaults.\n</blockquote>\nThere is one side note: The country’s energy companies are starting to see demand declining after months of robust increase underpinning the recovery.\nApparent oil demand fell for a second straight month, down 1.7% from a year earlier.\nNo major reactions in markets to any of the data for now as Yuan is leaking lower against the dollar and Chinese bank stocks are rallying.","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China GDP Growth Disappoints As Credit Impulse Crashes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina GDP Growth Disappoints As Credit Impulse Crashes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 10:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/economics/china-gdp-growth-disappoints-credit-impulse-crashes>zerohedge</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nFollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive credit impulse), tonight's Q2 GDP was expected to slow drastically (especially given the crackdown ...\n\n<a href=\"https://www.zerohedge.com/economics/china-gdp-growth-disappoints-credit-impulse-crashes\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","HSI":"恒生指数","000001.SH":"上证指数"},"source_url":"https://www.zerohedge.com/economics/china-gdp-growth-disappoints-credit-impulse-crashes","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159685383","content_text":"FollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive credit impulse), tonight's Q2 GDP was expected to slow drastically (especially given the crackdown on investment/real estate deleveraging and the collapse in the credit impulse)...\nSource: Bloomberg\nThe question is how much? Consensus estimates called for an 8.0% YoY GDP rise, but whisper numbers were notably lower with Bloomberg Economics' Shu noting thatvarious early indicators are consistent in pointing to some weakening in consumption in June.\n\n “On balance, these indicators suggest production growth - after base effects are taken into account - may have slowed, but only a touch.”\n\nThe official services PMI fell to 52.3 in June from 54.3 in May, while its Caixin counterpart showed a much steeper slide from a strong reading to just slightly above 50 - the line between expansion and contraction.\nThe headline GDP growth figure printed a veryslightly disappointing +7.9% YoY\nSource: Bloomberg\nOn A QoQ basis, Q1 GDP growth was downwardly revised from +0.6% to +0.4% which helped push Q2's QoQ GDP 1.3% higher (better than the +1.0% QoQ expected).\nSource: Bloomberg\nOther data was mixed, withIndustrial Production and Property Investment disappointingas all major data items showed slowing growth...\nSource: Bloomberg\nJuneRetail Salesrose 23.0% YTD YoY (better than the +22.8% expected) but slower than the +25.7% in May.\nJuneIndustrial Productionrose 15.9% YTD YoY (slightlyweaker than the +16.0% expected) and slower than the +17.8% in May.\nJuneFixed Asset InvestmentYTD YoY rose 12.6%, down from the 15.4% rise in May (butbetter than the +12.0% expectation).\nJuneProperty InvestmentYTD YoY rose just 15.0% (worse than the +16.0% expected) and well down from the +18.3% in May.\nJune SurveyedJobless Rate was unchangedat 5.0%.\nThis will likely be a little confusing to traders.\nGiven China's headline data wasn’t terrible, with retail sales even beating estimates,why does the economy needs more central bank support?\nBloomberg's Chief China Markets Correspondent, Sofia Horta e Costa, points out that\"it may be that’s there’s a problem with China’s financial plumbing where banks aren’t lending or credit demand is weak. This is tricky to read.\"\n\n Can we say the RRR cut and calls for lower interest rates are not at all about the economy, but about the banking system? The sector is struggling under the impact of a negative credit impulse, the deleveraging campaign and increasing corporate defaults.\n\nThere is one side note: The country’s energy companies are starting to see demand declining after months of robust increase underpinning the recovery.\nApparent oil demand fell for a second straight month, down 1.7% from a year earlier.\nNo major reactions in markets to any of the data for now as Yuan is leaking lower against the dollar and Chinese bank stocks are rallying.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5247550,"gmtCreate":1626506344290,"gmtModify":1663231096732,"authorId":3568580098685907,"author":{"id":3568580098685907,"idStr":"3568580098685907","authorId":3568580098685907,"name":"2020TS","avatar":"https://community-static.tradeup.com/news/11248151fdcb83034da72e0a80b4d0ae","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":147056282,"type":1,"supId":0,"prevId":0,"content":"?","text":"?","html":"?"}],"langContent":"EN"},{"id":147037789,"gmtCreate":1626318915841,"gmtModify":1703757807121,"author":{"id":"3584572781964958","authorId":"3584572781964958","name":"ElenaM","avatar":"https://static.tigerbbs.com/ff0a5516432035eff4ce07be8b32afb7","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3584572781964958","authorIdStr":"3584572781964958"},"htmlText":"[Smile]&nbsp;","listText":"[Smile]&nbsp;","text":"[Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/147037789","repostId":1159685383,"repostType":4,"repost":{"id":"1159685383","pubTimestamp":1626315637,"share":"https://ttm.financial/m/news/1159685383?lang=&edition=fundamental","pubTime":"2021-07-15 10:20","market":"sh","language":"en","title":"China GDP Growth Disappoints As Credit Impulse Crashes","url":"https://stock-news.laohu8.com/highlight/detail?id=1159685383","media":"zerohedge","summary":"FollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive ","content":"FollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive credit impulse), tonight's Q2 GDP was expected to slow drastically (especially given the crackdown on investment/real estate deleveraging and the collapse in the credit impulse)...\n<img src=\"https://static.tigerbbs.com/f967a8805af5a8a68b8c2897d3f571bb\" tg-width=\"965\" tg-height=\"532\">Source: Bloomberg\nThe question is how much? Consensus estimates called for an 8.0% YoY GDP rise, but whisper numbers were notably lower with Bloomberg Economics' Shu noting thatvarious early indicators are consistent in pointing to some weakening in consumption in June.\n<blockquote>\n “On balance, these indicators suggest production growth - after base effects are taken into account - may have slowed, but only a touch.”\n</blockquote>\nThe official services PMI fell to 52.3 in June from 54.3 in May, while its Caixin counterpart showed a much steeper slide from a strong reading to just slightly above 50 - the line between expansion and contraction.\nThe headline GDP growth figure printed a veryslightly disappointing +7.9% YoY\n<img src=\"https://static.tigerbbs.com/272b2d1547965e2c73c6086add7bc817\" tg-width=\"965\" tg-height=\"535\">Source: Bloomberg\nOn A QoQ basis, Q1 GDP growth was downwardly revised from +0.6% to +0.4% which helped push Q2's QoQ GDP 1.3% higher (better than the +1.0% QoQ expected).\n<img src=\"https://static.tigerbbs.com/5f261461be73d93909a32afc4752d5fd\" tg-width=\"965\" tg-height=\"532\">Source: Bloomberg\nOther data was mixed, withIndustrial Production and Property Investment disappointingas all major data items showed slowing growth...\n<img src=\"https://static.tigerbbs.com/7cf3d5d708cdc152467ad000e988158d\" tg-width=\"965\" tg-height=\"878\">Source: Bloomberg\nJuneRetail Salesrose 23.0% YTD YoY (better than the +22.8% expected) but slower than the +25.7% in May.\nJuneIndustrial Productionrose 15.9% YTD YoY (slightlyweaker than the +16.0% expected) and slower than the +17.8% in May.\nJuneFixed Asset InvestmentYTD YoY rose 12.6%, down from the 15.4% rise in May (butbetter than the +12.0% expectation).\nJuneProperty InvestmentYTD YoY rose just 15.0% (worse than the +16.0% expected) and well down from the +18.3% in May.\nJune SurveyedJobless Rate was unchangedat 5.0%.\nThis will likely be a little confusing to traders.\nGiven China's headline data wasn’t terrible, with retail sales even beating estimates,why does the economy needs more central bank support?\nBloomberg's Chief China Markets Correspondent, Sofia Horta e Costa, points out that\"it may be that’s there’s a problem with China’s financial plumbing where banks aren’t lending or credit demand is weak. This is tricky to read.\"\n<blockquote>\n Can we say the RRR cut and calls for lower interest rates are not at all about the economy, but about the banking system? The sector is struggling under the impact of a negative credit impulse, the deleveraging campaign and increasing corporate defaults.\n</blockquote>\nThere is one side note: The country’s energy companies are starting to see demand declining after months of robust increase underpinning the recovery.\nApparent oil demand fell for a second straight month, down 1.7% from a year earlier.\nNo major reactions in markets to any of the data for now as Yuan is leaking lower against the dollar and Chinese bank stocks are rallying.","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China GDP Growth Disappoints As Credit Impulse Crashes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina GDP Growth Disappoints As Credit Impulse Crashes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 10:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/economics/china-gdp-growth-disappoints-credit-impulse-crashes>zerohedge</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nFollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive credit impulse), tonight's Q2 GDP was expected to slow drastically (especially given the crackdown ...\n\n<a href=\"https://www.zerohedge.com/economics/china-gdp-growth-disappoints-credit-impulse-crashes\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","HSI":"恒生指数","000001.SH":"上证指数"},"source_url":"https://www.zerohedge.com/economics/china-gdp-growth-disappoints-credit-impulse-crashes","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159685383","content_text":"FollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive credit impulse), tonight's Q2 GDP was expected to slow drastically (especially given the crackdown on investment/real estate deleveraging and the collapse in the credit impulse)...\nSource: Bloomberg\nThe question is how much? Consensus estimates called for an 8.0% YoY GDP rise, but whisper numbers were notably lower with Bloomberg Economics' Shu noting thatvarious early indicators are consistent in pointing to some weakening in consumption in June.\n\n “On balance, these indicators suggest production growth - after base effects are taken into account - may have slowed, but only a touch.”\n\nThe official services PMI fell to 52.3 in June from 54.3 in May, while its Caixin counterpart showed a much steeper slide from a strong reading to just slightly above 50 - the line between expansion and contraction.\nThe headline GDP growth figure printed a veryslightly disappointing +7.9% YoY\nSource: Bloomberg\nOn A QoQ basis, Q1 GDP growth was downwardly revised from +0.6% to +0.4% which helped push Q2's QoQ GDP 1.3% higher (better than the +1.0% QoQ expected).\nSource: Bloomberg\nOther data was mixed, withIndustrial Production and Property Investment disappointingas all major data items showed slowing growth...\nSource: Bloomberg\nJuneRetail Salesrose 23.0% YTD YoY (better than the +22.8% expected) but slower than the +25.7% in May.\nJuneIndustrial Productionrose 15.9% YTD YoY (slightlyweaker than the +16.0% expected) and slower than the +17.8% in May.\nJuneFixed Asset InvestmentYTD YoY rose 12.6%, down from the 15.4% rise in May (butbetter than the +12.0% expectation).\nJuneProperty InvestmentYTD YoY rose just 15.0% (worse than the +16.0% expected) and well down from the +18.3% in May.\nJune SurveyedJobless Rate was unchangedat 5.0%.\nThis will likely be a little confusing to traders.\nGiven China's headline data wasn’t terrible, with retail sales even beating estimates,why does the economy needs more central bank support?\nBloomberg's Chief China Markets Correspondent, Sofia Horta e Costa, points out that\"it may be that’s there’s a problem with China’s financial plumbing where banks aren’t lending or credit demand is weak. This is tricky to read.\"\n\n Can we say the RRR cut and calls for lower interest rates are not at all about the economy, but about the banking system? The sector is struggling under the impact of a negative credit impulse, the deleveraging campaign and increasing corporate defaults.\n\nThere is one side note: The country’s energy companies are starting to see demand declining after months of robust increase underpinning the recovery.\nApparent oil demand fell for a second straight month, down 1.7% from a year earlier.\nNo major reactions in markets to any of the data for now as Yuan is leaking lower against the dollar and Chinese bank stocks are rallying.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":147037484,"gmtCreate":1626318904648,"gmtModify":1703757806313,"author":{"id":"3570656625926041","authorId":"3570656625926041","name":"Alfred1007","avatar":"https://static.tigerbbs.com/81d8406380cbc0525927f00a9510f2fa","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":2,"crmLevelSwitch":0,"idStr":"3570656625926041","authorIdStr":"3570656625926041"},"htmlText":"Slow down and ready to rebound!","listText":"Slow down and ready to rebound!","text":"Slow down and ready to rebound!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/147037484","repostId":1159685383,"repostType":2,"repost":{"id":"1159685383","pubTimestamp":1626315637,"share":"https://ttm.financial/m/news/1159685383?lang=&edition=fundamental","pubTime":"2021-07-15 10:20","market":"sh","language":"en","title":"China GDP Growth Disappoints As Credit Impulse Crashes","url":"https://stock-news.laohu8.com/highlight/detail?id=1159685383","media":"zerohedge","summary":"FollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive ","content":"FollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive credit impulse), tonight's Q2 GDP was expected to slow drastically (especially given the crackdown on investment/real estate deleveraging and the collapse in the credit impulse)...\n<img src=\"https://static.tigerbbs.com/f967a8805af5a8a68b8c2897d3f571bb\" tg-width=\"965\" tg-height=\"532\">Source: Bloomberg\nThe question is how much? Consensus estimates called for an 8.0% YoY GDP rise, but whisper numbers were notably lower with Bloomberg Economics' Shu noting thatvarious early indicators are consistent in pointing to some weakening in consumption in June.\n<blockquote>\n “On balance, these indicators suggest production growth - after base effects are taken into account - may have slowed, but only a touch.”\n</blockquote>\nThe official services PMI fell to 52.3 in June from 54.3 in May, while its Caixin counterpart showed a much steeper slide from a strong reading to just slightly above 50 - the line between expansion and contraction.\nThe headline GDP growth figure printed a veryslightly disappointing +7.9% YoY\n<img src=\"https://static.tigerbbs.com/272b2d1547965e2c73c6086add7bc817\" tg-width=\"965\" tg-height=\"535\">Source: Bloomberg\nOn A QoQ basis, Q1 GDP growth was downwardly revised from +0.6% to +0.4% which helped push Q2's QoQ GDP 1.3% higher (better than the +1.0% QoQ expected).\n<img src=\"https://static.tigerbbs.com/5f261461be73d93909a32afc4752d5fd\" tg-width=\"965\" tg-height=\"532\">Source: Bloomberg\nOther data was mixed, withIndustrial Production and Property Investment disappointingas all major data items showed slowing growth...\n<img src=\"https://static.tigerbbs.com/7cf3d5d708cdc152467ad000e988158d\" tg-width=\"965\" tg-height=\"878\">Source: Bloomberg\nJuneRetail Salesrose 23.0% YTD YoY (better than the +22.8% expected) but slower than the +25.7% in May.\nJuneIndustrial Productionrose 15.9% YTD YoY (slightlyweaker than the +16.0% expected) and slower than the +17.8% in May.\nJuneFixed Asset InvestmentYTD YoY rose 12.6%, down from the 15.4% rise in May (butbetter than the +12.0% expectation).\nJuneProperty InvestmentYTD YoY rose just 15.0% (worse than the +16.0% expected) and well down from the +18.3% in May.\nJune SurveyedJobless Rate was unchangedat 5.0%.\nThis will likely be a little confusing to traders.\nGiven China's headline data wasn’t terrible, with retail sales even beating estimates,why does the economy needs more central bank support?\nBloomberg's Chief China Markets Correspondent, Sofia Horta e Costa, points out that\"it may be that’s there’s a problem with China’s financial plumbing where banks aren’t lending or credit demand is weak. This is tricky to read.\"\n<blockquote>\n Can we say the RRR cut and calls for lower interest rates are not at all about the economy, but about the banking system? The sector is struggling under the impact of a negative credit impulse, the deleveraging campaign and increasing corporate defaults.\n</blockquote>\nThere is one side note: The country’s energy companies are starting to see demand declining after months of robust increase underpinning the recovery.\nApparent oil demand fell for a second straight month, down 1.7% from a year earlier.\nNo major reactions in markets to any of the data for now as Yuan is leaking lower against the dollar and Chinese bank stocks are rallying.","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China GDP Growth Disappoints As Credit Impulse Crashes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina GDP Growth Disappoints As Credit Impulse Crashes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 10:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/economics/china-gdp-growth-disappoints-credit-impulse-crashes>zerohedge</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nFollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive credit impulse), tonight's Q2 GDP was expected to slow drastically (especially given the crackdown ...\n\n<a href=\"https://www.zerohedge.com/economics/china-gdp-growth-disappoints-credit-impulse-crashes\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","HSI":"恒生指数","000001.SH":"上证指数"},"source_url":"https://www.zerohedge.com/economics/china-gdp-growth-disappoints-credit-impulse-crashes","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159685383","content_text":"FollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive credit impulse), tonight's Q2 GDP was expected to slow drastically (especially given the crackdown on investment/real estate deleveraging and the collapse in the credit impulse)...\nSource: Bloomberg\nThe question is how much? Consensus estimates called for an 8.0% YoY GDP rise, but whisper numbers were notably lower with Bloomberg Economics' Shu noting thatvarious early indicators are consistent in pointing to some weakening in consumption in June.\n\n “On balance, these indicators suggest production growth - after base effects are taken into account - may have slowed, but only a touch.”\n\nThe official services PMI fell to 52.3 in June from 54.3 in May, while its Caixin counterpart showed a much steeper slide from a strong reading to just slightly above 50 - the line between expansion and contraction.\nThe headline GDP growth figure printed a veryslightly disappointing +7.9% YoY\nSource: Bloomberg\nOn A QoQ basis, Q1 GDP growth was downwardly revised from +0.6% to +0.4% which helped push Q2's QoQ GDP 1.3% higher (better than the +1.0% QoQ expected).\nSource: Bloomberg\nOther data was mixed, withIndustrial Production and Property Investment disappointingas all major data items showed slowing growth...\nSource: Bloomberg\nJuneRetail Salesrose 23.0% YTD YoY (better than the +22.8% expected) but slower than the +25.7% in May.\nJuneIndustrial Productionrose 15.9% YTD YoY (slightlyweaker than the +16.0% expected) and slower than the +17.8% in May.\nJuneFixed Asset InvestmentYTD YoY rose 12.6%, down from the 15.4% rise in May (butbetter than the +12.0% expectation).\nJuneProperty InvestmentYTD YoY rose just 15.0% (worse than the +16.0% expected) and well down from the +18.3% in May.\nJune SurveyedJobless Rate was unchangedat 5.0%.\nThis will likely be a little confusing to traders.\nGiven China's headline data wasn’t terrible, with retail sales even beating estimates,why does the economy needs more central bank support?\nBloomberg's Chief China Markets Correspondent, Sofia Horta e Costa, points out that\"it may be that’s there’s a problem with China’s financial plumbing where banks aren’t lending or credit demand is weak. This is tricky to read.\"\n\n Can we say the RRR cut and calls for lower interest rates are not at all about the economy, but about the banking system? The sector is struggling under the impact of a negative credit impulse, the deleveraging campaign and increasing corporate defaults.\n\nThere is one side note: The country’s energy companies are starting to see demand declining after months of robust increase underpinning the recovery.\nApparent oil demand fell for a second straight month, down 1.7% from a year earlier.\nNo major reactions in markets to any of the data for now as Yuan is leaking lower against the dollar and Chinese bank stocks are rallying.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5225768,"gmtCreate":1626322705956,"gmtModify":1663230997637,"authorId":3582843618871796,"author":{"id":3582843618871796,"idStr":"3582843618871796","authorId":3582843618871796,"name":"Adollar","avatar":"https://static.tigerbbs.com/0b7c3e8d0ea455e203fda09d0d2cffb8","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":147037484,"type":1,"supId":0,"prevId":0,"content":"It will rebound! ","text":"It will rebound! ","html":"It will rebound! "}],"langContent":"EN"},{"id":147099175,"gmtCreate":1626317990997,"gmtModify":1703757778813,"author":{"id":"4087733981917550","authorId":"4087733981917550","name":"VL1996","avatar":"https://static.tigerbbs.com/1e06046cf8de91572a3a78bdb8626c64","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4087733981917550","authorIdStr":"4087733981917550"},"htmlText":"Tsla to the moon ??????????????","listText":"Tsla to the moon ??????????????","text":"Tsla to the moon ??????????????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/147099175","repostId":1159685383,"repostType":4,"repost":{"id":"1159685383","pubTimestamp":1626315637,"share":"https://ttm.financial/m/news/1159685383?lang=&edition=fundamental","pubTime":"2021-07-15 10:20","market":"sh","language":"en","title":"China GDP Growth Disappoints As Credit Impulse Crashes","url":"https://stock-news.laohu8.com/highlight/detail?id=1159685383","media":"zerohedge","summary":"FollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive ","content":"FollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive credit impulse), tonight's Q2 GDP was expected to slow drastically (especially given the crackdown on investment/real estate deleveraging and the collapse in the credit impulse)...\n<img src=\"https://static.tigerbbs.com/f967a8805af5a8a68b8c2897d3f571bb\" tg-width=\"965\" tg-height=\"532\">Source: Bloomberg\nThe question is how much? Consensus estimates called for an 8.0% YoY GDP rise, but whisper numbers were notably lower with Bloomberg Economics' Shu noting thatvarious early indicators are consistent in pointing to some weakening in consumption in June.\n<blockquote>\n “On balance, these indicators suggest production growth - after base effects are taken into account - may have slowed, but only a touch.”\n</blockquote>\nThe official services PMI fell to 52.3 in June from 54.3 in May, while its Caixin counterpart showed a much steeper slide from a strong reading to just slightly above 50 - the line between expansion and contraction.\nThe headline GDP growth figure printed a veryslightly disappointing +7.9% YoY\n<img src=\"https://static.tigerbbs.com/272b2d1547965e2c73c6086add7bc817\" tg-width=\"965\" tg-height=\"535\">Source: Bloomberg\nOn A QoQ basis, Q1 GDP growth was downwardly revised from +0.6% to +0.4% which helped push Q2's QoQ GDP 1.3% higher (better than the +1.0% QoQ expected).\n<img src=\"https://static.tigerbbs.com/5f261461be73d93909a32afc4752d5fd\" tg-width=\"965\" tg-height=\"532\">Source: Bloomberg\nOther data was mixed, withIndustrial Production and Property Investment disappointingas all major data items showed slowing growth...\n<img src=\"https://static.tigerbbs.com/7cf3d5d708cdc152467ad000e988158d\" tg-width=\"965\" tg-height=\"878\">Source: Bloomberg\nJuneRetail Salesrose 23.0% YTD YoY (better than the +22.8% expected) but slower than the +25.7% in May.\nJuneIndustrial Productionrose 15.9% YTD YoY (slightlyweaker than the +16.0% expected) and slower than the +17.8% in May.\nJuneFixed Asset InvestmentYTD YoY rose 12.6%, down from the 15.4% rise in May (butbetter than the +12.0% expectation).\nJuneProperty InvestmentYTD YoY rose just 15.0% (worse than the +16.0% expected) and well down from the +18.3% in May.\nJune SurveyedJobless Rate was unchangedat 5.0%.\nThis will likely be a little confusing to traders.\nGiven China's headline data wasn’t terrible, with retail sales even beating estimates,why does the economy needs more central bank support?\nBloomberg's Chief China Markets Correspondent, Sofia Horta e Costa, points out that\"it may be that’s there’s a problem with China’s financial plumbing where banks aren’t lending or credit demand is weak. This is tricky to read.\"\n<blockquote>\n Can we say the RRR cut and calls for lower interest rates are not at all about the economy, but about the banking system? The sector is struggling under the impact of a negative credit impulse, the deleveraging campaign and increasing corporate defaults.\n</blockquote>\nThere is one side note: The country’s energy companies are starting to see demand declining after months of robust increase underpinning the recovery.\nApparent oil demand fell for a second straight month, down 1.7% from a year earlier.\nNo major reactions in markets to any of the data for now as Yuan is leaking lower against the dollar and Chinese bank stocks are rallying.","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China GDP Growth Disappoints As Credit Impulse Crashes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina GDP Growth Disappoints As Credit Impulse Crashes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 10:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/economics/china-gdp-growth-disappoints-credit-impulse-crashes>zerohedge</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nFollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive credit impulse), tonight's Q2 GDP was expected to slow drastically (especially given the crackdown ...\n\n<a href=\"https://www.zerohedge.com/economics/china-gdp-growth-disappoints-credit-impulse-crashes\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","HSI":"恒生指数","000001.SH":"上证指数"},"source_url":"https://www.zerohedge.com/economics/china-gdp-growth-disappoints-credit-impulse-crashes","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159685383","content_text":"FollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive credit impulse), tonight's Q2 GDP was expected to slow drastically (especially given the crackdown on investment/real estate deleveraging and the collapse in the credit impulse)...\nSource: Bloomberg\nThe question is how much? Consensus estimates called for an 8.0% YoY GDP rise, but whisper numbers were notably lower with Bloomberg Economics' Shu noting thatvarious early indicators are consistent in pointing to some weakening in consumption in June.\n\n “On balance, these indicators suggest production growth - after base effects are taken into account - may have slowed, but only a touch.”\n\nThe official services PMI fell to 52.3 in June from 54.3 in May, while its Caixin counterpart showed a much steeper slide from a strong reading to just slightly above 50 - the line between expansion and contraction.\nThe headline GDP growth figure printed a veryslightly disappointing +7.9% YoY\nSource: Bloomberg\nOn A QoQ basis, Q1 GDP growth was downwardly revised from +0.6% to +0.4% which helped push Q2's QoQ GDP 1.3% higher (better than the +1.0% QoQ expected).\nSource: Bloomberg\nOther data was mixed, withIndustrial Production and Property Investment disappointingas all major data items showed slowing growth...\nSource: Bloomberg\nJuneRetail Salesrose 23.0% YTD YoY (better than the +22.8% expected) but slower than the +25.7% in May.\nJuneIndustrial Productionrose 15.9% YTD YoY (slightlyweaker than the +16.0% expected) and slower than the +17.8% in May.\nJuneFixed Asset InvestmentYTD YoY rose 12.6%, down from the 15.4% rise in May (butbetter than the +12.0% expectation).\nJuneProperty InvestmentYTD YoY rose just 15.0% (worse than the +16.0% expected) and well down from the +18.3% in May.\nJune SurveyedJobless Rate was unchangedat 5.0%.\nThis will likely be a little confusing to traders.\nGiven China's headline data wasn’t terrible, with retail sales even beating estimates,why does the economy needs more central bank support?\nBloomberg's Chief China Markets Correspondent, Sofia Horta e Costa, points out that\"it may be that’s there’s a problem with China’s financial plumbing where banks aren’t lending or credit demand is weak. This is tricky to read.\"\n\n Can we say the RRR cut and calls for lower interest rates are not at all about the economy, but about the banking system? The sector is struggling under the impact of a negative credit impulse, the deleveraging campaign and increasing corporate defaults.\n\nThere is one side note: The country’s energy companies are starting to see demand declining after months of robust increase underpinning the recovery.\nApparent oil demand fell for a second straight month, down 1.7% from a year earlier.\nNo major reactions in markets to any of the data for now as Yuan is leaking lower against the dollar and Chinese bank stocks are rallying.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":144776822,"gmtCreate":1626316943866,"gmtModify":1703757756985,"author":{"id":"3577608661218389","authorId":"3577608661218389","name":"DansonYong","avatar":"https://static.tigerbbs.com/d847e6b2cafe58e68ceb1d9adcb8038f","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3577608661218389","authorIdStr":"3577608661218389"},"htmlText":"China is good","listText":"China is good","text":"China is good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/144776822","repostId":1159685383,"repostType":4,"repost":{"id":"1159685383","pubTimestamp":1626315637,"share":"https://ttm.financial/m/news/1159685383?lang=&edition=fundamental","pubTime":"2021-07-15 10:20","market":"sh","language":"en","title":"China GDP Growth Disappoints As Credit Impulse Crashes","url":"https://stock-news.laohu8.com/highlight/detail?id=1159685383","media":"zerohedge","summary":"FollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive ","content":"FollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive credit impulse), tonight's Q2 GDP was expected to slow drastically (especially given the crackdown on investment/real estate deleveraging and the collapse in the credit impulse)...\n<img src=\"https://static.tigerbbs.com/f967a8805af5a8a68b8c2897d3f571bb\" tg-width=\"965\" tg-height=\"532\">Source: Bloomberg\nThe question is how much? Consensus estimates called for an 8.0% YoY GDP rise, but whisper numbers were notably lower with Bloomberg Economics' Shu noting thatvarious early indicators are consistent in pointing to some weakening in consumption in June.\n<blockquote>\n “On balance, these indicators suggest production growth - after base effects are taken into account - may have slowed, but only a touch.”\n</blockquote>\nThe official services PMI fell to 52.3 in June from 54.3 in May, while its Caixin counterpart showed a much steeper slide from a strong reading to just slightly above 50 - the line between expansion and contraction.\nThe headline GDP growth figure printed a veryslightly disappointing +7.9% YoY\n<img src=\"https://static.tigerbbs.com/272b2d1547965e2c73c6086add7bc817\" tg-width=\"965\" tg-height=\"535\">Source: Bloomberg\nOn A QoQ basis, Q1 GDP growth was downwardly revised from +0.6% to +0.4% which helped push Q2's QoQ GDP 1.3% higher (better than the +1.0% QoQ expected).\n<img src=\"https://static.tigerbbs.com/5f261461be73d93909a32afc4752d5fd\" tg-width=\"965\" tg-height=\"532\">Source: Bloomberg\nOther data was mixed, withIndustrial Production and Property Investment disappointingas all major data items showed slowing growth...\n<img src=\"https://static.tigerbbs.com/7cf3d5d708cdc152467ad000e988158d\" tg-width=\"965\" tg-height=\"878\">Source: Bloomberg\nJuneRetail Salesrose 23.0% YTD YoY (better than the +22.8% expected) but slower than the +25.7% in May.\nJuneIndustrial Productionrose 15.9% YTD YoY (slightlyweaker than the +16.0% expected) and slower than the +17.8% in May.\nJuneFixed Asset InvestmentYTD YoY rose 12.6%, down from the 15.4% rise in May (butbetter than the +12.0% expectation).\nJuneProperty InvestmentYTD YoY rose just 15.0% (worse than the +16.0% expected) and well down from the +18.3% in May.\nJune SurveyedJobless Rate was unchangedat 5.0%.\nThis will likely be a little confusing to traders.\nGiven China's headline data wasn’t terrible, with retail sales even beating estimates,why does the economy needs more central bank support?\nBloomberg's Chief China Markets Correspondent, Sofia Horta e Costa, points out that\"it may be that’s there’s a problem with China’s financial plumbing where banks aren’t lending or credit demand is weak. This is tricky to read.\"\n<blockquote>\n Can we say the RRR cut and calls for lower interest rates are not at all about the economy, but about the banking system? The sector is struggling under the impact of a negative credit impulse, the deleveraging campaign and increasing corporate defaults.\n</blockquote>\nThere is one side note: The country’s energy companies are starting to see demand declining after months of robust increase underpinning the recovery.\nApparent oil demand fell for a second straight month, down 1.7% from a year earlier.\nNo major reactions in markets to any of the data for now as Yuan is leaking lower against the dollar and Chinese bank stocks are rallying.","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China GDP Growth Disappoints As Credit Impulse Crashes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina GDP Growth Disappoints As Credit Impulse Crashes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 10:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/economics/china-gdp-growth-disappoints-credit-impulse-crashes>zerohedge</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nFollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive credit impulse), tonight's Q2 GDP was expected to slow drastically (especially given the crackdown ...\n\n<a href=\"https://www.zerohedge.com/economics/china-gdp-growth-disappoints-credit-impulse-crashes\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","HSI":"恒生指数","000001.SH":"上证指数"},"source_url":"https://www.zerohedge.com/economics/china-gdp-growth-disappoints-credit-impulse-crashes","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159685383","content_text":"FollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive credit impulse), tonight's Q2 GDP was expected to slow drastically (especially given the crackdown on investment/real estate deleveraging and the collapse in the credit impulse)...\nSource: Bloomberg\nThe question is how much? Consensus estimates called for an 8.0% YoY GDP rise, but whisper numbers were notably lower with Bloomberg Economics' Shu noting thatvarious early indicators are consistent in pointing to some weakening in consumption in June.\n\n “On balance, these indicators suggest production growth - after base effects are taken into account - may have slowed, but only a touch.”\n\nThe official services PMI fell to 52.3 in June from 54.3 in May, while its Caixin counterpart showed a much steeper slide from a strong reading to just slightly above 50 - the line between expansion and contraction.\nThe headline GDP growth figure printed a veryslightly disappointing +7.9% YoY\nSource: Bloomberg\nOn A QoQ basis, Q1 GDP growth was downwardly revised from +0.6% to +0.4% which helped push Q2's QoQ GDP 1.3% higher (better than the +1.0% QoQ expected).\nSource: Bloomberg\nOther data was mixed, withIndustrial Production and Property Investment disappointingas all major data items showed slowing growth...\nSource: Bloomberg\nJuneRetail Salesrose 23.0% YTD YoY (better than the +22.8% expected) but slower than the +25.7% in May.\nJuneIndustrial Productionrose 15.9% YTD YoY (slightlyweaker than the +16.0% expected) and slower than the +17.8% in May.\nJuneFixed Asset InvestmentYTD YoY rose 12.6%, down from the 15.4% rise in May (butbetter than the +12.0% expectation).\nJuneProperty InvestmentYTD YoY rose just 15.0% (worse than the +16.0% expected) and well down from the +18.3% in May.\nJune SurveyedJobless Rate was unchangedat 5.0%.\nThis will likely be a little confusing to traders.\nGiven China's headline data wasn’t terrible, with retail sales even beating estimates,why does the economy needs more central bank support?\nBloomberg's Chief China Markets Correspondent, Sofia Horta e Costa, points out that\"it may be that’s there’s a problem with China’s financial plumbing where banks aren’t lending or credit demand is weak. This is tricky to read.\"\n\n Can we say the RRR cut and calls for lower interest rates are not at all about the economy, but about the banking system? The sector is struggling under the impact of a negative credit impulse, the deleveraging campaign and increasing corporate defaults.\n\nThere is one side note: The country’s energy companies are starting to see demand declining after months of robust increase underpinning the recovery.\nApparent oil demand fell for a second straight month, down 1.7% from a year earlier.\nNo major reactions in markets to any of the data for now as Yuan is leaking lower against the dollar and Chinese bank stocks are rallying.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":144742014,"gmtCreate":1626316559438,"gmtModify":1703757743030,"author":{"id":"4089335554544910","authorId":"4089335554544910","name":"BINGG","avatar":"https://static.tigerbbs.com/8fb384d535b56d7d261a834bf76b2479","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4089335554544910","authorIdStr":"4089335554544910"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/144742014","repostId":1159685383,"repostType":4,"repost":{"id":"1159685383","pubTimestamp":1626315637,"share":"https://ttm.financial/m/news/1159685383?lang=&edition=fundamental","pubTime":"2021-07-15 10:20","market":"sh","language":"en","title":"China GDP Growth Disappoints As Credit Impulse Crashes","url":"https://stock-news.laohu8.com/highlight/detail?id=1159685383","media":"zerohedge","summary":"FollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive ","content":"FollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive credit impulse), tonight's Q2 GDP was expected to slow drastically (especially given the crackdown on investment/real estate deleveraging and the collapse in the credit impulse)...\n<img src=\"https://static.tigerbbs.com/f967a8805af5a8a68b8c2897d3f571bb\" tg-width=\"965\" tg-height=\"532\">Source: Bloomberg\nThe question is how much? Consensus estimates called for an 8.0% YoY GDP rise, but whisper numbers were notably lower with Bloomberg Economics' Shu noting thatvarious early indicators are consistent in pointing to some weakening in consumption in June.\n<blockquote>\n “On balance, these indicators suggest production growth - after base effects are taken into account - may have slowed, but only a touch.”\n</blockquote>\nThe official services PMI fell to 52.3 in June from 54.3 in May, while its Caixin counterpart showed a much steeper slide from a strong reading to just slightly above 50 - the line between expansion and contraction.\nThe headline GDP growth figure printed a veryslightly disappointing +7.9% YoY\n<img src=\"https://static.tigerbbs.com/272b2d1547965e2c73c6086add7bc817\" tg-width=\"965\" tg-height=\"535\">Source: Bloomberg\nOn A QoQ basis, Q1 GDP growth was downwardly revised from +0.6% to +0.4% which helped push Q2's QoQ GDP 1.3% higher (better than the +1.0% QoQ expected).\n<img src=\"https://static.tigerbbs.com/5f261461be73d93909a32afc4752d5fd\" tg-width=\"965\" tg-height=\"532\">Source: Bloomberg\nOther data was mixed, withIndustrial Production and Property Investment disappointingas all major data items showed slowing growth...\n<img src=\"https://static.tigerbbs.com/7cf3d5d708cdc152467ad000e988158d\" tg-width=\"965\" tg-height=\"878\">Source: Bloomberg\nJuneRetail Salesrose 23.0% YTD YoY (better than the +22.8% expected) but slower than the +25.7% in May.\nJuneIndustrial Productionrose 15.9% YTD YoY (slightlyweaker than the +16.0% expected) and slower than the +17.8% in May.\nJuneFixed Asset InvestmentYTD YoY rose 12.6%, down from the 15.4% rise in May (butbetter than the +12.0% expectation).\nJuneProperty InvestmentYTD YoY rose just 15.0% (worse than the +16.0% expected) and well down from the +18.3% in May.\nJune SurveyedJobless Rate was unchangedat 5.0%.\nThis will likely be a little confusing to traders.\nGiven China's headline data wasn’t terrible, with retail sales even beating estimates,why does the economy needs more central bank support?\nBloomberg's Chief China Markets Correspondent, Sofia Horta e Costa, points out that\"it may be that’s there’s a problem with China’s financial plumbing where banks aren’t lending or credit demand is weak. This is tricky to read.\"\n<blockquote>\n Can we say the RRR cut and calls for lower interest rates are not at all about the economy, but about the banking system? The sector is struggling under the impact of a negative credit impulse, the deleveraging campaign and increasing corporate defaults.\n</blockquote>\nThere is one side note: The country’s energy companies are starting to see demand declining after months of robust increase underpinning the recovery.\nApparent oil demand fell for a second straight month, down 1.7% from a year earlier.\nNo major reactions in markets to any of the data for now as Yuan is leaking lower against the dollar and Chinese bank stocks are rallying.","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China GDP Growth Disappoints As Credit Impulse Crashes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina GDP Growth Disappoints As Credit Impulse Crashes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 10:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/economics/china-gdp-growth-disappoints-credit-impulse-crashes>zerohedge</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nFollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive credit impulse), tonight's Q2 GDP was expected to slow drastically (especially given the crackdown ...\n\n<a href=\"https://www.zerohedge.com/economics/china-gdp-growth-disappoints-credit-impulse-crashes\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","HSI":"恒生指数","000001.SH":"上证指数"},"source_url":"https://www.zerohedge.com/economics/china-gdp-growth-disappoints-credit-impulse-crashes","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159685383","content_text":"FollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive credit impulse), tonight's Q2 GDP was expected to slow drastically (especially given the crackdown on investment/real estate deleveraging and the collapse in the credit impulse)...\nSource: Bloomberg\nThe question is how much? Consensus estimates called for an 8.0% YoY GDP rise, but whisper numbers were notably lower with Bloomberg Economics' Shu noting thatvarious early indicators are consistent in pointing to some weakening in consumption in June.\n\n “On balance, these indicators suggest production growth - after base effects are taken into account - may have slowed, but only a touch.”\n\nThe official services PMI fell to 52.3 in June from 54.3 in May, while its Caixin counterpart showed a much steeper slide from a strong reading to just slightly above 50 - the line between expansion and contraction.\nThe headline GDP growth figure printed a veryslightly disappointing +7.9% YoY\nSource: Bloomberg\nOn A QoQ basis, Q1 GDP growth was downwardly revised from +0.6% to +0.4% which helped push Q2's QoQ GDP 1.3% higher (better than the +1.0% QoQ expected).\nSource: Bloomberg\nOther data was mixed, withIndustrial Production and Property Investment disappointingas all major data items showed slowing growth...\nSource: Bloomberg\nJuneRetail Salesrose 23.0% YTD YoY (better than the +22.8% expected) but slower than the +25.7% in May.\nJuneIndustrial Productionrose 15.9% YTD YoY (slightlyweaker than the +16.0% expected) and slower than the +17.8% in May.\nJuneFixed Asset InvestmentYTD YoY rose 12.6%, down from the 15.4% rise in May (butbetter than the +12.0% expectation).\nJuneProperty InvestmentYTD YoY rose just 15.0% (worse than the +16.0% expected) and well down from the +18.3% in May.\nJune SurveyedJobless Rate was unchangedat 5.0%.\nThis will likely be a little confusing to traders.\nGiven China's headline data wasn’t terrible, with retail sales even beating estimates,why does the economy needs more central bank support?\nBloomberg's Chief China Markets Correspondent, Sofia Horta e Costa, points out that\"it may be that’s there’s a problem with China’s financial plumbing where banks aren’t lending or credit demand is weak. This is tricky to read.\"\n\n Can we say the RRR cut and calls for lower interest rates are not at all about the economy, but about the banking system? The sector is struggling under the impact of a negative credit impulse, the deleveraging campaign and increasing corporate defaults.\n\nThere is one side note: The country’s energy companies are starting to see demand declining after months of robust increase underpinning the recovery.\nApparent oil demand fell for a second straight month, down 1.7% from a year earlier.\nNo major reactions in markets to any of the data for now as Yuan is leaking lower against the dollar and Chinese bank stocks are rallying.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":144752115,"gmtCreate":1626315976637,"gmtModify":1703757730203,"author":{"id":"3572936984967417","authorId":"3572936984967417","name":"ying118","avatar":"https://static.tigerbbs.com/a86c8ab94e499d87a9ca46b91a8a9ee2","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3572936984967417","authorIdStr":"3572936984967417"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/144752115","repostId":1159685383,"repostType":4,"repost":{"id":"1159685383","pubTimestamp":1626315637,"share":"https://ttm.financial/m/news/1159685383?lang=&edition=fundamental","pubTime":"2021-07-15 10:20","market":"sh","language":"en","title":"China GDP Growth Disappoints As Credit Impulse Crashes","url":"https://stock-news.laohu8.com/highlight/detail?id=1159685383","media":"zerohedge","summary":"FollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive ","content":"FollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive credit impulse), tonight's Q2 GDP was expected to slow drastically (especially given the crackdown on investment/real estate deleveraging and the collapse in the credit impulse)...\n<img src=\"https://static.tigerbbs.com/f967a8805af5a8a68b8c2897d3f571bb\" tg-width=\"965\" tg-height=\"532\">Source: Bloomberg\nThe question is how much? Consensus estimates called for an 8.0% YoY GDP rise, but whisper numbers were notably lower with Bloomberg Economics' Shu noting thatvarious early indicators are consistent in pointing to some weakening in consumption in June.\n<blockquote>\n “On balance, these indicators suggest production growth - after base effects are taken into account - may have slowed, but only a touch.”\n</blockquote>\nThe official services PMI fell to 52.3 in June from 54.3 in May, while its Caixin counterpart showed a much steeper slide from a strong reading to just slightly above 50 - the line between expansion and contraction.\nThe headline GDP growth figure printed a veryslightly disappointing +7.9% YoY\n<img src=\"https://static.tigerbbs.com/272b2d1547965e2c73c6086add7bc817\" tg-width=\"965\" tg-height=\"535\">Source: Bloomberg\nOn A QoQ basis, Q1 GDP growth was downwardly revised from +0.6% to +0.4% which helped push Q2's QoQ GDP 1.3% higher (better than the +1.0% QoQ expected).\n<img src=\"https://static.tigerbbs.com/5f261461be73d93909a32afc4752d5fd\" tg-width=\"965\" tg-height=\"532\">Source: Bloomberg\nOther data was mixed, withIndustrial Production and Property Investment disappointingas all major data items showed slowing growth...\n<img src=\"https://static.tigerbbs.com/7cf3d5d708cdc152467ad000e988158d\" tg-width=\"965\" tg-height=\"878\">Source: Bloomberg\nJuneRetail Salesrose 23.0% YTD YoY (better than the +22.8% expected) but slower than the +25.7% in May.\nJuneIndustrial Productionrose 15.9% YTD YoY (slightlyweaker than the +16.0% expected) and slower than the +17.8% in May.\nJuneFixed Asset InvestmentYTD YoY rose 12.6%, down from the 15.4% rise in May (butbetter than the +12.0% expectation).\nJuneProperty InvestmentYTD YoY rose just 15.0% (worse than the +16.0% expected) and well down from the +18.3% in May.\nJune SurveyedJobless Rate was unchangedat 5.0%.\nThis will likely be a little confusing to traders.\nGiven China's headline data wasn’t terrible, with retail sales even beating estimates,why does the economy needs more central bank support?\nBloomberg's Chief China Markets Correspondent, Sofia Horta e Costa, points out that\"it may be that’s there’s a problem with China’s financial plumbing where banks aren’t lending or credit demand is weak. This is tricky to read.\"\n<blockquote>\n Can we say the RRR cut and calls for lower interest rates are not at all about the economy, but about the banking system? The sector is struggling under the impact of a negative credit impulse, the deleveraging campaign and increasing corporate defaults.\n</blockquote>\nThere is one side note: The country’s energy companies are starting to see demand declining after months of robust increase underpinning the recovery.\nApparent oil demand fell for a second straight month, down 1.7% from a year earlier.\nNo major reactions in markets to any of the data for now as Yuan is leaking lower against the dollar and Chinese bank stocks are rallying.","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China GDP Growth Disappoints As Credit Impulse Crashes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina GDP Growth Disappoints As Credit Impulse Crashes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 10:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/economics/china-gdp-growth-disappoints-credit-impulse-crashes>zerohedge</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nFollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive credit impulse), tonight's Q2 GDP was expected to slow drastically (especially given the crackdown ...\n\n<a href=\"https://www.zerohedge.com/economics/china-gdp-growth-disappoints-credit-impulse-crashes\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","HSI":"恒生指数","000001.SH":"上证指数"},"source_url":"https://www.zerohedge.com/economics/china-gdp-growth-disappoints-credit-impulse-crashes","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159685383","content_text":"FollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive credit impulse), tonight's Q2 GDP was expected to slow drastically (especially given the crackdown on investment/real estate deleveraging and the collapse in the credit impulse)...\nSource: Bloomberg\nThe question is how much? Consensus estimates called for an 8.0% YoY GDP rise, but whisper numbers were notably lower with Bloomberg Economics' Shu noting thatvarious early indicators are consistent in pointing to some weakening in consumption in June.\n\n “On balance, these indicators suggest production growth - after base effects are taken into account - may have slowed, but only a touch.”\n\nThe official services PMI fell to 52.3 in June from 54.3 in May, while its Caixin counterpart showed a much steeper slide from a strong reading to just slightly above 50 - the line between expansion and contraction.\nThe headline GDP growth figure printed a veryslightly disappointing +7.9% YoY\nSource: Bloomberg\nOn A QoQ basis, Q1 GDP growth was downwardly revised from +0.6% to +0.4% which helped push Q2's QoQ GDP 1.3% higher (better than the +1.0% QoQ expected).\nSource: Bloomberg\nOther data was mixed, withIndustrial Production and Property Investment disappointingas all major data items showed slowing growth...\nSource: Bloomberg\nJuneRetail Salesrose 23.0% YTD YoY (better than the +22.8% expected) but slower than the +25.7% in May.\nJuneIndustrial Productionrose 15.9% YTD YoY (slightlyweaker than the +16.0% expected) and slower than the +17.8% in May.\nJuneFixed Asset InvestmentYTD YoY rose 12.6%, down from the 15.4% rise in May (butbetter than the +12.0% expectation).\nJuneProperty InvestmentYTD YoY rose just 15.0% (worse than the +16.0% expected) and well down from the +18.3% in May.\nJune SurveyedJobless Rate was unchangedat 5.0%.\nThis will likely be a little confusing to traders.\nGiven China's headline data wasn’t terrible, with retail sales even beating estimates,why does the economy needs more central bank support?\nBloomberg's Chief China Markets Correspondent, Sofia Horta e Costa, points out that\"it may be that’s there’s a problem with China’s financial plumbing where banks aren’t lending or credit demand is weak. This is tricky to read.\"\n\n Can we say the RRR cut and calls for lower interest rates are not at all about the economy, but about the banking system? The sector is struggling under the impact of a negative credit impulse, the deleveraging campaign and increasing corporate defaults.\n\nThere is one side note: The country’s energy companies are starting to see demand declining after months of robust increase underpinning the recovery.\nApparent oil demand fell for a second straight month, down 1.7% from a year earlier.\nNo major reactions in markets to any of the data for now as Yuan is leaking lower against the dollar and Chinese bank stocks are rallying.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5224977,"gmtCreate":1626316533254,"gmtModify":1663230992469,"authorId":3574212983712096,"author":{"id":3574212983712096,"idStr":"3574212983712096","authorId":3574212983712096,"name":"spin37gy","avatar":"https://static.tigerbbs.com/97dfcecfb7a4ab4bcb3c2ae6bb551e51","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":144752115,"type":1,"supId":0,"prevId":0,"content":"?","text":"?","html":"?"}],"langContent":"EN"},{"id":144758984,"gmtCreate":1626315909148,"gmtModify":1703757727765,"author":{"id":"3578633664575421","authorId":"3578633664575421","name":"xinnn","avatar":"https://static.tigerbbs.com/f97ce915a5ed076be20421a3b6356fea","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3578633664575421","authorIdStr":"3578633664575421"},"htmlText":"oh no&nbsp;","listText":"oh no&nbsp;","text":"oh no","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/144758984","repostId":1159685383,"repostType":4,"repost":{"id":"1159685383","pubTimestamp":1626315637,"share":"https://ttm.financial/m/news/1159685383?lang=&edition=fundamental","pubTime":"2021-07-15 10:20","market":"sh","language":"en","title":"China GDP Growth Disappoints As Credit Impulse Crashes","url":"https://stock-news.laohu8.com/highlight/detail?id=1159685383","media":"zerohedge","summary":"FollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive ","content":"FollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive credit impulse), tonight's Q2 GDP was expected to slow drastically (especially given the crackdown on investment/real estate deleveraging and the collapse in the credit impulse)...\n<img src=\"https://static.tigerbbs.com/f967a8805af5a8a68b8c2897d3f571bb\" tg-width=\"965\" tg-height=\"532\">Source: Bloomberg\nThe question is how much? Consensus estimates called for an 8.0% YoY GDP rise, but whisper numbers were notably lower with Bloomberg Economics' Shu noting thatvarious early indicators are consistent in pointing to some weakening in consumption in June.\n<blockquote>\n “On balance, these indicators suggest production growth - after base effects are taken into account - may have slowed, but only a touch.”\n</blockquote>\nThe official services PMI fell to 52.3 in June from 54.3 in May, while its Caixin counterpart showed a much steeper slide from a strong reading to just slightly above 50 - the line between expansion and contraction.\nThe headline GDP growth figure printed a veryslightly disappointing +7.9% YoY\n<img src=\"https://static.tigerbbs.com/272b2d1547965e2c73c6086add7bc817\" tg-width=\"965\" tg-height=\"535\">Source: Bloomberg\nOn A QoQ basis, Q1 GDP growth was downwardly revised from +0.6% to +0.4% which helped push Q2's QoQ GDP 1.3% higher (better than the +1.0% QoQ expected).\n<img src=\"https://static.tigerbbs.com/5f261461be73d93909a32afc4752d5fd\" tg-width=\"965\" tg-height=\"532\">Source: Bloomberg\nOther data was mixed, withIndustrial Production and Property Investment disappointingas all major data items showed slowing growth...\n<img src=\"https://static.tigerbbs.com/7cf3d5d708cdc152467ad000e988158d\" tg-width=\"965\" tg-height=\"878\">Source: Bloomberg\nJuneRetail Salesrose 23.0% YTD YoY (better than the +22.8% expected) but slower than the +25.7% in May.\nJuneIndustrial Productionrose 15.9% YTD YoY (slightlyweaker than the +16.0% expected) and slower than the +17.8% in May.\nJuneFixed Asset InvestmentYTD YoY rose 12.6%, down from the 15.4% rise in May (butbetter than the +12.0% expectation).\nJuneProperty InvestmentYTD YoY rose just 15.0% (worse than the +16.0% expected) and well down from the +18.3% in May.\nJune SurveyedJobless Rate was unchangedat 5.0%.\nThis will likely be a little confusing to traders.\nGiven China's headline data wasn’t terrible, with retail sales even beating estimates,why does the economy needs more central bank support?\nBloomberg's Chief China Markets Correspondent, Sofia Horta e Costa, points out that\"it may be that’s there’s a problem with China’s financial plumbing where banks aren’t lending or credit demand is weak. This is tricky to read.\"\n<blockquote>\n Can we say the RRR cut and calls for lower interest rates are not at all about the economy, but about the banking system? The sector is struggling under the impact of a negative credit impulse, the deleveraging campaign and increasing corporate defaults.\n</blockquote>\nThere is one side note: The country’s energy companies are starting to see demand declining after months of robust increase underpinning the recovery.\nApparent oil demand fell for a second straight month, down 1.7% from a year earlier.\nNo major reactions in markets to any of the data for now as Yuan is leaking lower against the dollar and Chinese bank stocks are rallying.","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China GDP Growth Disappoints As Credit Impulse Crashes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina GDP Growth Disappoints As Credit Impulse Crashes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 10:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/economics/china-gdp-growth-disappoints-credit-impulse-crashes>zerohedge</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nFollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive credit impulse), tonight's Q2 GDP was expected to slow drastically (especially given the crackdown ...\n\n<a href=\"https://www.zerohedge.com/economics/china-gdp-growth-disappoints-credit-impulse-crashes\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","HSI":"恒生指数","000001.SH":"上证指数"},"source_url":"https://www.zerohedge.com/economics/china-gdp-growth-disappoints-credit-impulse-crashes","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159685383","content_text":"FollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive credit impulse), tonight's Q2 GDP was expected to slow drastically (especially given the crackdown on investment/real estate deleveraging and the collapse in the credit impulse)...\nSource: Bloomberg\nThe question is how much? Consensus estimates called for an 8.0% YoY GDP rise, but whisper numbers were notably lower with Bloomberg Economics' Shu noting thatvarious early indicators are consistent in pointing to some weakening in consumption in June.\n\n “On balance, these indicators suggest production growth - after base effects are taken into account - may have slowed, but only a touch.”\n\nThe official services PMI fell to 52.3 in June from 54.3 in May, while its Caixin counterpart showed a much steeper slide from a strong reading to just slightly above 50 - the line between expansion and contraction.\nThe headline GDP growth figure printed a veryslightly disappointing +7.9% YoY\nSource: Bloomberg\nOn A QoQ basis, Q1 GDP growth was downwardly revised from +0.6% to +0.4% which helped push Q2's QoQ GDP 1.3% higher (better than the +1.0% QoQ expected).\nSource: Bloomberg\nOther data was mixed, withIndustrial Production and Property Investment disappointingas all major data items showed slowing growth...\nSource: Bloomberg\nJuneRetail Salesrose 23.0% YTD YoY (better than the +22.8% expected) but slower than the +25.7% in May.\nJuneIndustrial Productionrose 15.9% YTD YoY (slightlyweaker than the +16.0% expected) and slower than the +17.8% in May.\nJuneFixed Asset InvestmentYTD YoY rose 12.6%, down from the 15.4% rise in May (butbetter than the +12.0% expectation).\nJuneProperty InvestmentYTD YoY rose just 15.0% (worse than the +16.0% expected) and well down from the +18.3% in May.\nJune SurveyedJobless Rate was unchangedat 5.0%.\nThis will likely be a little confusing to traders.\nGiven China's headline data wasn’t terrible, with retail sales even beating estimates,why does the economy needs more central bank support?\nBloomberg's Chief China Markets Correspondent, Sofia Horta e Costa, points out that\"it may be that’s there’s a problem with China’s financial plumbing where banks aren’t lending or credit demand is weak. This is tricky to read.\"\n\n Can we say the RRR cut and calls for lower interest rates are not at all about the economy, but about the banking system? The sector is struggling under the impact of a negative credit impulse, the deleveraging campaign and increasing corporate defaults.\n\nThere is one side note: The country’s energy companies are starting to see demand declining after months of robust increase underpinning the recovery.\nApparent oil demand fell for a second straight month, down 1.7% from a year earlier.\nNo major reactions in markets to any of the data for now as Yuan is leaking lower against the dollar and Chinese bank stocks are rallying.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":144751445,"gmtCreate":1626315886287,"gmtModify":1703757726634,"author":{"id":"3580469278772937","authorId":"3580469278772937","name":"HoldTheDoor","avatar":"https://static.tigerbbs.com/635db0f1af7cd6ef4ce184b75309a7b0","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3580469278772937","authorIdStr":"3580469278772937"},"htmlText":"Comment&nbsp;","listText":"Comment&nbsp;","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/144751445","repostId":1159685383,"repostType":4,"repost":{"id":"1159685383","pubTimestamp":1626315637,"share":"https://ttm.financial/m/news/1159685383?lang=&edition=fundamental","pubTime":"2021-07-15 10:20","market":"sh","language":"en","title":"China GDP Growth Disappoints As Credit Impulse Crashes","url":"https://stock-news.laohu8.com/highlight/detail?id=1159685383","media":"zerohedge","summary":"FollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive ","content":"FollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive credit impulse), tonight's Q2 GDP was expected to slow drastically (especially given the crackdown on investment/real estate deleveraging and the collapse in the credit impulse)...\n<img src=\"https://static.tigerbbs.com/f967a8805af5a8a68b8c2897d3f571bb\" tg-width=\"965\" tg-height=\"532\">Source: Bloomberg\nThe question is how much? Consensus estimates called for an 8.0% YoY GDP rise, but whisper numbers were notably lower with Bloomberg Economics' Shu noting thatvarious early indicators are consistent in pointing to some weakening in consumption in June.\n<blockquote>\n “On balance, these indicators suggest production growth - after base effects are taken into account - may have slowed, but only a touch.”\n</blockquote>\nThe official services PMI fell to 52.3 in June from 54.3 in May, while its Caixin counterpart showed a much steeper slide from a strong reading to just slightly above 50 - the line between expansion and contraction.\nThe headline GDP growth figure printed a veryslightly disappointing +7.9% YoY\n<img src=\"https://static.tigerbbs.com/272b2d1547965e2c73c6086add7bc817\" tg-width=\"965\" tg-height=\"535\">Source: Bloomberg\nOn A QoQ basis, Q1 GDP growth was downwardly revised from +0.6% to +0.4% which helped push Q2's QoQ GDP 1.3% higher (better than the +1.0% QoQ expected).\n<img src=\"https://static.tigerbbs.com/5f261461be73d93909a32afc4752d5fd\" tg-width=\"965\" tg-height=\"532\">Source: Bloomberg\nOther data was mixed, withIndustrial Production and Property Investment disappointingas all major data items showed slowing growth...\n<img src=\"https://static.tigerbbs.com/7cf3d5d708cdc152467ad000e988158d\" tg-width=\"965\" tg-height=\"878\">Source: Bloomberg\nJuneRetail Salesrose 23.0% YTD YoY (better than the +22.8% expected) but slower than the +25.7% in May.\nJuneIndustrial Productionrose 15.9% YTD YoY (slightlyweaker than the +16.0% expected) and slower than the +17.8% in May.\nJuneFixed Asset InvestmentYTD YoY rose 12.6%, down from the 15.4% rise in May (butbetter than the +12.0% expectation).\nJuneProperty InvestmentYTD YoY rose just 15.0% (worse than the +16.0% expected) and well down from the +18.3% in May.\nJune SurveyedJobless Rate was unchangedat 5.0%.\nThis will likely be a little confusing to traders.\nGiven China's headline data wasn’t terrible, with retail sales even beating estimates,why does the economy needs more central bank support?\nBloomberg's Chief China Markets Correspondent, Sofia Horta e Costa, points out that\"it may be that’s there’s a problem with China’s financial plumbing where banks aren’t lending or credit demand is weak. This is tricky to read.\"\n<blockquote>\n Can we say the RRR cut and calls for lower interest rates are not at all about the economy, but about the banking system? The sector is struggling under the impact of a negative credit impulse, the deleveraging campaign and increasing corporate defaults.\n</blockquote>\nThere is one side note: The country’s energy companies are starting to see demand declining after months of robust increase underpinning the recovery.\nApparent oil demand fell for a second straight month, down 1.7% from a year earlier.\nNo major reactions in markets to any of the data for now as Yuan is leaking lower against the dollar and Chinese bank stocks are rallying.","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China GDP Growth Disappoints As Credit Impulse Crashes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina GDP Growth Disappoints As Credit Impulse Crashes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 10:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/economics/china-gdp-growth-disappoints-credit-impulse-crashes>zerohedge</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nFollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive credit impulse), tonight's Q2 GDP was expected to slow drastically (especially given the crackdown ...\n\n<a href=\"https://www.zerohedge.com/economics/china-gdp-growth-disappoints-credit-impulse-crashes\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","HSI":"恒生指数","000001.SH":"上证指数"},"source_url":"https://www.zerohedge.com/economics/china-gdp-growth-disappoints-credit-impulse-crashes","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159685383","content_text":"FollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive credit impulse), tonight's Q2 GDP was expected to slow drastically (especially given the crackdown on investment/real estate deleveraging and the collapse in the credit impulse)...\nSource: Bloomberg\nThe question is how much? Consensus estimates called for an 8.0% YoY GDP rise, but whisper numbers were notably lower with Bloomberg Economics' Shu noting thatvarious early indicators are consistent in pointing to some weakening in consumption in June.\n\n “On balance, these indicators suggest production growth - after base effects are taken into account - may have slowed, but only a touch.”\n\nThe official services PMI fell to 52.3 in June from 54.3 in May, while its Caixin counterpart showed a much steeper slide from a strong reading to just slightly above 50 - the line between expansion and contraction.\nThe headline GDP growth figure printed a veryslightly disappointing +7.9% YoY\nSource: Bloomberg\nOn A QoQ basis, Q1 GDP growth was downwardly revised from +0.6% to +0.4% which helped push Q2's QoQ GDP 1.3% higher (better than the +1.0% QoQ expected).\nSource: Bloomberg\nOther data was mixed, withIndustrial Production and Property Investment disappointingas all major data items showed slowing growth...\nSource: Bloomberg\nJuneRetail Salesrose 23.0% YTD YoY (better than the +22.8% expected) but slower than the +25.7% in May.\nJuneIndustrial Productionrose 15.9% YTD YoY (slightlyweaker than the +16.0% expected) and slower than the +17.8% in May.\nJuneFixed Asset InvestmentYTD YoY rose 12.6%, down from the 15.4% rise in May (butbetter than the +12.0% expectation).\nJuneProperty InvestmentYTD YoY rose just 15.0% (worse than the +16.0% expected) and well down from the +18.3% in May.\nJune SurveyedJobless Rate was unchangedat 5.0%.\nThis will likely be a little confusing to traders.\nGiven China's headline data wasn’t terrible, with retail sales even beating estimates,why does the economy needs more central bank support?\nBloomberg's Chief China Markets Correspondent, Sofia Horta e Costa, points out that\"it may be that’s there’s a problem with China’s financial plumbing where banks aren’t lending or credit demand is weak. This is tricky to read.\"\n\n Can we say the RRR cut and calls for lower interest rates are not at all about the economy, but about the banking system? The sector is struggling under the impact of a negative credit impulse, the deleveraging campaign and increasing corporate defaults.\n\nThere is one side note: The country’s energy companies are starting to see demand declining after months of robust increase underpinning the recovery.\nApparent oil demand fell for a second straight month, down 1.7% from a year earlier.\nNo major reactions in markets to any of the data for now as Yuan is leaking lower against the dollar and Chinese bank stocks are rallying.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5224836,"gmtCreate":1626315908930,"gmtModify":1663230991448,"authorId":3582371198816162,"author":{"id":3582371198816162,"idStr":"3582371198816162","authorId":3582371198816162,"name":"WesleyTWY","avatar":"https://static.itradeup.com/news/9b11dc3942a72ee2bfb3e092351861be","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":144751445,"type":1,"supId":0,"prevId":0,"content":"comment","text":"comment","html":"comment"},{"id":5225040,"gmtCreate":1626316879008,"gmtModify":1635228880225,"authorId":3583897064119156,"author":{"id":3583897064119156,"idStr":"3583897064119156","authorId":3583897064119156,"name":"vcvcbc","avatar":"https://static.tigerbbs.com/90dcd0f544e6b3d9d7fbe65dbe16a0d3","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":144751445,"type":1,"supId":5224836,"prevId":0,"content":"Oo","text":"Oo","html":"Oo"}],"langContent":"EN"},{"id":144753840,"gmtCreate":1626315828180,"gmtModify":1703757724363,"author":{"id":"4087685411789360","authorId":"4087685411789360","name":"Des123","avatar":"https://static.tigerbbs.com/ba7602b4b7e3538c8a7d687463663003","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"4087685411789360","authorIdStr":"4087685411789360"},"htmlText":"wonderful stock","listText":"wonderful stock","text":"wonderful stock","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/144753840","repostId":1159685383,"repostType":4,"repost":{"id":"1159685383","pubTimestamp":1626315637,"share":"https://ttm.financial/m/news/1159685383?lang=&edition=fundamental","pubTime":"2021-07-15 10:20","market":"sh","language":"en","title":"China GDP Growth Disappoints As Credit Impulse Crashes","url":"https://stock-news.laohu8.com/highlight/detail?id=1159685383","media":"zerohedge","summary":"FollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive ","content":"FollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive credit impulse), tonight's Q2 GDP was expected to slow drastically (especially given the crackdown on investment/real estate deleveraging and the collapse in the credit impulse)...\n<img src=\"https://static.tigerbbs.com/f967a8805af5a8a68b8c2897d3f571bb\" tg-width=\"965\" tg-height=\"532\">Source: Bloomberg\nThe question is how much? Consensus estimates called for an 8.0% YoY GDP rise, but whisper numbers were notably lower with Bloomberg Economics' Shu noting thatvarious early indicators are consistent in pointing to some weakening in consumption in June.\n<blockquote>\n “On balance, these indicators suggest production growth - after base effects are taken into account - may have slowed, but only a touch.”\n</blockquote>\nThe official services PMI fell to 52.3 in June from 54.3 in May, while its Caixin counterpart showed a much steeper slide from a strong reading to just slightly above 50 - the line between expansion and contraction.\nThe headline GDP growth figure printed a veryslightly disappointing +7.9% YoY\n<img src=\"https://static.tigerbbs.com/272b2d1547965e2c73c6086add7bc817\" tg-width=\"965\" tg-height=\"535\">Source: Bloomberg\nOn A QoQ basis, Q1 GDP growth was downwardly revised from +0.6% to +0.4% which helped push Q2's QoQ GDP 1.3% higher (better than the +1.0% QoQ expected).\n<img src=\"https://static.tigerbbs.com/5f261461be73d93909a32afc4752d5fd\" tg-width=\"965\" tg-height=\"532\">Source: Bloomberg\nOther data was mixed, withIndustrial Production and Property Investment disappointingas all major data items showed slowing growth...\n<img src=\"https://static.tigerbbs.com/7cf3d5d708cdc152467ad000e988158d\" tg-width=\"965\" tg-height=\"878\">Source: Bloomberg\nJuneRetail Salesrose 23.0% YTD YoY (better than the +22.8% expected) but slower than the +25.7% in May.\nJuneIndustrial Productionrose 15.9% YTD YoY (slightlyweaker than the +16.0% expected) and slower than the +17.8% in May.\nJuneFixed Asset InvestmentYTD YoY rose 12.6%, down from the 15.4% rise in May (butbetter than the +12.0% expectation).\nJuneProperty InvestmentYTD YoY rose just 15.0% (worse than the +16.0% expected) and well down from the +18.3% in May.\nJune SurveyedJobless Rate was unchangedat 5.0%.\nThis will likely be a little confusing to traders.\nGiven China's headline data wasn’t terrible, with retail sales even beating estimates,why does the economy needs more central bank support?\nBloomberg's Chief China Markets Correspondent, Sofia Horta e Costa, points out that\"it may be that’s there’s a problem with China’s financial plumbing where banks aren’t lending or credit demand is weak. This is tricky to read.\"\n<blockquote>\n Can we say the RRR cut and calls for lower interest rates are not at all about the economy, but about the banking system? The sector is struggling under the impact of a negative credit impulse, the deleveraging campaign and increasing corporate defaults.\n</blockquote>\nThere is one side note: The country’s energy companies are starting to see demand declining after months of robust increase underpinning the recovery.\nApparent oil demand fell for a second straight month, down 1.7% from a year earlier.\nNo major reactions in markets to any of the data for now as Yuan is leaking lower against the dollar and Chinese bank stocks are rallying.","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China GDP Growth Disappoints As Credit Impulse Crashes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina GDP Growth Disappoints As Credit Impulse Crashes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 10:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/economics/china-gdp-growth-disappoints-credit-impulse-crashes>zerohedge</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nFollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive credit impulse), tonight's Q2 GDP was expected to slow drastically (especially given the crackdown ...\n\n<a href=\"https://www.zerohedge.com/economics/china-gdp-growth-disappoints-credit-impulse-crashes\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","HSI":"恒生指数","000001.SH":"上证指数"},"source_url":"https://www.zerohedge.com/economics/china-gdp-growth-disappoints-credit-impulse-crashes","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159685383","content_text":"FollowingQ1's record-breaking surge in China's YoY GDP(thanks to base-effect malarkey and a massive credit impulse), tonight's Q2 GDP was expected to slow drastically (especially given the crackdown on investment/real estate deleveraging and the collapse in the credit impulse)...\nSource: Bloomberg\nThe question is how much? Consensus estimates called for an 8.0% YoY GDP rise, but whisper numbers were notably lower with Bloomberg Economics' Shu noting thatvarious early indicators are consistent in pointing to some weakening in consumption in June.\n\n “On balance, these indicators suggest production growth - after base effects are taken into account - may have slowed, but only a touch.”\n\nThe official services PMI fell to 52.3 in June from 54.3 in May, while its Caixin counterpart showed a much steeper slide from a strong reading to just slightly above 50 - the line between expansion and contraction.\nThe headline GDP growth figure printed a veryslightly disappointing +7.9% YoY\nSource: Bloomberg\nOn A QoQ basis, Q1 GDP growth was downwardly revised from +0.6% to +0.4% which helped push Q2's QoQ GDP 1.3% higher (better than the +1.0% QoQ expected).\nSource: Bloomberg\nOther data was mixed, withIndustrial Production and Property Investment disappointingas all major data items showed slowing growth...\nSource: Bloomberg\nJuneRetail Salesrose 23.0% YTD YoY (better than the +22.8% expected) but slower than the +25.7% in May.\nJuneIndustrial Productionrose 15.9% YTD YoY (slightlyweaker than the +16.0% expected) and slower than the +17.8% in May.\nJuneFixed Asset InvestmentYTD YoY rose 12.6%, down from the 15.4% rise in May (butbetter than the +12.0% expectation).\nJuneProperty InvestmentYTD YoY rose just 15.0% (worse than the +16.0% expected) and well down from the +18.3% in May.\nJune SurveyedJobless Rate was unchangedat 5.0%.\nThis will likely be a little confusing to traders.\nGiven China's headline data wasn’t terrible, with retail sales even beating estimates,why does the economy needs more central bank support?\nBloomberg's Chief China Markets Correspondent, Sofia Horta e Costa, points out that\"it may be that’s there’s a problem with China’s financial plumbing where banks aren’t lending or credit demand is weak. This is tricky to read.\"\n\n Can we say the RRR cut and calls for lower interest rates are not at all about the economy, but about the banking system? The sector is struggling under the impact of a negative credit impulse, the deleveraging campaign and increasing corporate defaults.\n\nThere is one side note: The country’s energy companies are starting to see demand declining after months of robust increase underpinning the recovery.\nApparent oil demand fell for a second straight month, down 1.7% from a year earlier.\nNo major reactions in markets to any of the data for now as Yuan is leaking lower against the dollar and Chinese bank stocks are rallying.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":91,"commentSize":12,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}