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Stock impact report

China Data Out Tomorrow, And Will Likely Be Weaker From Trade War [Forbes]

Barclays PLC (BCS) 
Company Research Source: Forbes
Kenneth Rapoza Senior Contributor i Opinions expressed by Forbes Contributors are their own. Markets I write about business and investing in emerging markets. The IMF says China growth slowing. Imports paint another picture. Photographer: Krisztian Bocsi/Bloomberg China releases economic data tomorrow, like GDP numbers and retail sales, and everyone is expecting to see a decline. This is one number investors will likely blame on President Trump. It won’t be fake news. The IMF recently forecast a slowdown in China’s growth trajectory to 6.2% next year from 6.5%, despite monetary and fiscal stimulus. China watchers will continue to keep an eye on the dollar-yuan exchange rate, which is approaching 7-to-1. A breach of the 7.00 level will have short-sellers cracking the Champagne corks. Anything weaker than that would be seen by international investors as a sign that wealthy Chinese wil Show less Read more
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