All eyes on China's economic data a day after surprise rate cut

Retail sales were expected to have risen by 3% in August from a year ago , according to a Reuters poll.

Industrial production was forecast to have increased by 3.9% .

China announced Thursday it was cutting the amount of cash that banks need to have on hand by 25 basis points.

China 's economic rebound from pandemic has slowed since the second quarter , dragged down by a real estate slump.