China Stats spokesperson says demand not sufficient ...Middle East

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ICYMI, China's poor Q2 GDP data is here:China June Industrial output +5.3% y/y (expected +5.0%) Retail sales +2.0% (3.3%% exp)The economic growth data missed both q/q and y/y. NBS spokesperson: 5% GDP growth in h1 'hard won'Businesses face relatively big pressures and key sectors face many risks since this yearChina's economy remains key growth engine for the world economyQ2 economic growth affected by short-term factors such as extreme weather, floodingChina's economy medium- to long-term improving trend remains unchangedChina's economy faces increasing external uncertainties and many domestic difficulties and challenges in h2Property market still in process of adjustments

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