As some expected when the PBOC cut rates on Thursday, the weekend data dump from China isn't...

|By:, SA News Editor

As some expected when the PBOC cut rates on Thursday, the weekend data dump from China isn't pretty. Industrial production rose 9.6% Y/Y in May vs. 9.9% expected. Retail sales rose 13.8% Y/Y vs. 14.3% expected. More fuel for the rate cut: The CPI rose just 3% Y/Y vs. 3.2% expected and down from 3.4% in April.