15.07.2016 - The Chinese economy grew by 6.7%
Today was published important statistics on the growth of China's GDP, which in the second quarter was 6.7% versus an expected increase of 6.6%. In addition, the volume of industrial production in the country grew by 6.2% in June compared with the same month of 2015. Investors are slightly disappointed by data on investments in fixed assets, whose growth fell to 9.0%, which is 0.4% less than expected. Stronger statistics from China has reduced concerns about the situation in the second largest economy in the world, which in turn weakened the yen, the demand for which traditionally increases in case of instability on the markets. With the recent decline of the yen, we can see its correction, but the medium-term outlook remains negative.