Following a strong start to the year, Chinese fundamentals are beginning to deteriorate starting with industrial production which slowed to 6.00% expansion from a year earlier through the end of August. Retail sales rose 10.10% from a year ago versus the consensus estimate of 10.50%, also marking the slowest expansionary reading this year for the category. Fixed asset investment in Chinese urban areas gained 7.80% in the first eight months of the year, slipping to the slowest rate of increase since 1999. The string of weaker than expected key economic data points in the world's second largest economy indicate that efforts to rein in credit growth are beginning to kick in. Chinese policymakers are unlikely to take their foot off the regulatory brakes given the excess capacity in the economy. The USDCNH pair is gaining early Thursday to last trade around the 6.5535-mark.