The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy.
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China data show slowing but in line with estimates

LOS ANGELES (MarketWatch)
China's economy grew 7.5% in the second quarter compared to a year earlier, while industrial production for June rose 8.9% from year-ago levels, slowing from May's 9.2% growth, the National Bureau of Statistics said
The gross domestic product result was down from the first quarter's 7.7% advance, but matched projections from separate Dow Jones Newswires and Reuters surveys of economists
However, the industrial output missed the Reuters projection for a 9.1% gain
June retail sales rose 13.3% on an annual basis, beating May's 12.9% gain
Urban fixed-asset investment -- watched as an indicator of construction spending -- grew an average 20.1% in the January-June period, just short of Reuters' 20.2% projection and down from 20.4% in January-May
Fixed-asset investment is reported on a year-to-date basis

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