China indefinitely postponing release of economic data

The Chinese economy is in such a terrible state that the government is indefinitely delaying key economic data.

This comes after the General Administration of Customs failed to produce important import and export data for September.

Now, some of the key data metrics scheduled for this month?

The third-quarter gross domestic product. Industrial production. Retail sales. Industrial capacity utilization. Imports and exports. House prices. The manufacturing and non-manufacturing PMIs.

Remember, the Chinese economy grew at a putrid 0.4% pace in the second quarter. So perhaps Beijing was doing some damage control ahead of these reports.

The Chinese Communist Party (CCP) had multiple targets that it wished to achieve. If the economy failed to meet these numbers, it would embarrass President Xi Jinping and his merry band of communists.