European stocks rebound, Asia mixed after weak China data

Data revealed China slipped into deflation, compounding worries about the world's second-biggest economy after the United States.

"Chinese economics dominates the headlines," noted Steve Clayton, head of equity funds at Hargreaves Lansdown. The 0.3-percent drop in China's July consumer prices was the first since the start of 2021 and comes as slowing domestic spending weighs on the country's economic recovery. An extended period of disappointing indicators out of Beijing this year has ramped up pressure on authorities to provide much-needed support to the economy.

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International Finance: HSBC executive slams ‘weak’ UK for siding with US against ChinaHSBC Holdings Plc’s head of public affairs criticised the US for strong-arming the UK into cutting back business dealings with China and accused the British government of being “weak” for going along with it.
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