Christoffer Moltke-Leth, director of Global Sales Trading at Saxo Capital Markets Singapore, digests the latest data from China and discusses the future of the world’s second-largest economy.

China's industrial production grew 6% year-on-year in July with expectations for 6.1% growth. Retail sales and fixed asset investment were below expectations.

Moltke-Leth says a major turnaround is unlikely to be quick and discusses factors that may improve the country’s ambitions as a global economic powerhouse.