China data paints mixed economic picture - WSJ

The WallStreet Journal carried a story early Monday, suggesting that the latest industrial production, retail sales and fixed asset investment data from China shows a mixed view of the economy.

Key Quotes:

“Economy remains on track to reach its 6.5% to 7% target for 2016”

"We're looking at stability for now," said Macquarie Group Ltd. economist Larry Hu.

"We're in a kind of a sweet spot, although next year things are likely to see a slowdown by the second quarter."

“Economists said decelerating retail sales last month were prompted by the winding down of tax breaks that have fueled auto sales in recent months”

“Consumption also hurt by government purchase restrictions aimed at tempering speculative growth in major property markets”