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Jia92
2021-07-09

No wonder my NIO dropped..

China stocks slip after inflation data

Shanghai, July 9 (Reuters) - China stocks edged lower on Friday after data showed the country's annu

China stocks slip after inflation data

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The persistently high inflationary pressures in the industrial sector prompted China's cabinet this week to flag potential policy easing measures.\n** China's cabinet said on Wednesday it would use timely cuts in the bank reserve requirement ratio $(RRR)$ to support the real economy, especially small firms.\n** However, analysts said the hints did not point to a turnaround in monetary policy and added that it raised worries that the economic recovery was weaker than expected.\n** Investors should pay close attention to potential risks as the market now faces changes, including risks from some of China's real estate debts and the U.S. Fed's taper talk, Huaan Securities said in a note.\n** The brokerage recommended sectors with robust earnings growth in the first half, including semiconductor, new energy vehicles-related firms and sectors with low valuations.\n** Tech stocks shined this week, with Shanghai's STAR50 index posting its ninth week of gains.\n** Six of China's ministries, including the Ministry of Industry and Information Technology, pledged over the weekend to foster outstanding manufacturers and support qualified companies to get financing from capital markets.","news_type":1},"isVote":1,"tweetType":1,"viewCount":505,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":22,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}

China stocks slip after inflation data

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