Data dump – econ data
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China’s stats bureau published the monthly econ data for May on Wednesday.
The headlines:
Retail sales dropped 6.7% y/y in May, up from an 11.1% y/y fall in April.
Fixed asset investment rose 4.7% y/y in May, compared with 2.3% y/y growth in April.
Value-added output at industrial firms rose 0.7% y...