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macroAug 19, 2026, 12:47 PM

China Data Mixed as Policy Support and Structural Shifts Continue, HSBC Says

HSBC strategists say China's July activity was mixed, with softer retail sales and fixed asset investment while industrial output and exports were supported by AI-related and green technology.

HSBC strategists reviewed China's July data alongside the latest Politburo guidance and described the picture as one of policy support and ongoing structural shifts.

Retail sales and fixed asset investment softened during the period. By contrast, industrial production and exports were supported by AI-related and green technology sectors.

The assessment highlights a mixed growth backdrop as China continues to adjust its economic mix, with targeted policy support helping offset weaker domestic demand in some areas.

Source: FXStreet Forex News