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With China's Q2 GDP and retail sales figures missing consensus estimates for yet another round of data disappointment out of China, and the PBOC injecting a mere 3 billion yuan of liquidity to their 1-year MLF operation. Weston Nakamura looks at currency and commodity markets as weakness across China's economic landscape continues to be left unattended by policymakers' lack of stimulus measures.

Weston also discusses why Wall Street economists seem to be caught off-guard by China's economic data deterioration time and again, particularly in the first half of 2023.

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Wall Street Keeps Overestimating China's Macro Data

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