China GDP and Production data came in close to expectation at 02h00 UTC this morning.
China GDP q/y (actual: 6.8% expected: 6.9% previous: 6.9%)
China Industrial Production y/y (actual: 5.9% expected: 6.0% previous: 6.2%)
Global markets were awaiting the data release with great anticipation, since negative figures from China would have provided the catalyst for selling in the current season of Financial Meltdown glut. But the data (most likely cooked) did not provide the market with an excuse to rout stocks, nor did it send the BTC/CNY exchanges into a buying frenzy, as we’d have expected.
https://www.cryptocoinsnews.com/bitcoin-price-direction-undecided/
