China GDP & Industrial Production

China GDP & Industrial Production

S&P Global Ratings has recently downgraded China’s sovereign credit rating. As a result, the market will be paying very close attention to the key Chinese data releases – GDP and industrial production. The data will be published at 05:00 MT time on October 19. 
China’s gross domestic product (GDP) rose by 7.3% in 2014, 6.9% in 2015 and 6.7% last year. The Asian nation’s economic growth is slowing down. 
Chinese releases will have a strong impact on the AUD and the NZD. These currencies will suffer if the figures disappoint. Japanese yen, on the contrary, will react in the opposite way. 

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