Economists say the People’s Bank of China (PBOC) could move on stimulus as early as September after July data showed mixed signals: output and sales grew YoY, but momentum slowed MoM.
Analysts argue that new liquidity could lift risk assets, with altcoins particularly well-positioned to benefit.
News - China’s economy cooled in July, prompting speculation that the PBOC may roll out fresh support measures. Official data showed industrial output up 5.7% YoY, retail sales up 3.7% YoY (but down 0.14% MoM), and fixed-asset investment rising 1.6% YoY in Jan–Jul, though July-only FAI contracted about 5.2% YoY. The surveyed urban unemployment rate rose to 5.2% from 5.0% in June.$BTC
