CCTV 08/12/13

— This is the script of CNBC's news report for China's CCTV on August 12, Monday.

Welcome to CNBC's Business Daily. It's a data heavy week ahead.

We got second quarte GDP data out of Japan today which came in at an annualized 2.6%.

That was a full percentage lower than forecast.

Over on Wall Street, the spot light will be on the U-S consumer with major retailers stepping up with earnings this week including Macy's, Wal-Mart Stores and Kohl's.

We will also get U-S retail sales data due tomorrow. According to a Reuters Poll, the July data is set to show a 0.3% gain since June.

Inflation will be in focus on Thursday with U-S July CPI set to rise by 2%. That's according to a Reuters poll.

The data barrage continues with July trade numbers out of Korea, Singapore retail sales and a decision from Indonesia's central bank due on the same day.

On Friday we wind down towards the weekend with Hong Kong reporting Q2 GDP and the US releasing housing starts.

Li Sixuan, from CNBC's Asia headquarters.