China's Q2 GDP growth slows to just +4.7% YoY - lowest level since Q1/2023 due to weakening retail sales.
GDP for the first 6 months of 2024 up +5.0% YoY (< estimate 5.2%).
Government revenue no longer boosting nominal GDP growth:
MARKET DAILY
Market 07/15: China - GDP and retail growth weak, house prices drop sharply
Empire State Manufacturing Index contracts for 8 consecutive months -- Coverage of Trump assassination attempt and market reaction -- Earnings reports: Goldman Sachs, BlackRock.
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