NDRC and NBS data

China NDRC Data Has Multiple Issues: Morgan Stanley

Thanks to the annual delay in 1Q demand statistics out of China, the markets are turning to National Development and Reform Commission (NDRC) data, which is of little use as a demand indicator, note Morgan Stanley analysts. Iris Yao and team point out in their report titled “Weaker USD Tailwind may be Muted” that the details of the U.S. January oil . . .


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