China posted solid production but weak retail sales data

After a delay amid the 20th Communist Party Congress last week, China released a batch of economic data today. GDP grew 3.9% yoy in Q3, and beat expectation of 3.3% yoy. In September, industrial grew 6.3% yoy, faster than August’s 4.2% yoy, and beat expectation of 4.9% yoy. Retail sales, however, rose only 2.5% yoy, […]

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