Slowdown in August economic activity lifts likelihood of stimulus in Q4
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China’s economy continues to slow.
Per data released by the stats bureau (NBS) on Saturday:
Industrial value-added (IVA) grew 4.5% y/y in August, down from 5.1% the previous month
Fixed asset investment (FAI) grew 2.0% y/y, up a smidgen from July’s 1.9% growth
Retail sales grew by 2.1% y/y, down fr...