China's factory output and consumer spending weakened last month as a trade war with Washington grew, adding pressure on Beijing to shore up shaky economic growth.
Wednesday's unexpectedly weak data prompted suggestions Beijing needs to boost stimulus spending and bank lending to hit this year's official economic growth target of 6% to 6.5%. President Xi Jinping's government has expressed confidence the economy can withstand U.S. tariff hikes in their fight over Chinese technology ambitions and other trade irritants.
CHN saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on July 18, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 43 instances where the indicator turned negative. In of the 43 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
Category PacificAsiaexJapanStk