economic health

According to the latest estimation from the Commerce Department, US retail sales, that account for about half of total consumer spending and about a third of final sales in the US economy, dropped 0.5% in June to a seasonally adjusted $360.2 billion that reflects the economy to slow down slightly. 

According to an official statement from China Securities Journal, China must tackle its property bubble for the sake of economic health and social stability, even if the market feels some short-term pain in the process.

As the Journal reported, monetary restricting, along with steps to control housing demand and expand supply, are the right policy choices for the government.