November economic data underwhelms
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China’s economy slowed sharply in November.
Per data released by the stats bureau (NBS) on December 15:
Industrial value-added (IVA) grew by 4.8% y/y in November, the slowest growth rate in 15 months
Fixed asset investment (FAI) fell 12.0% y/y, broadly in line with October’s 12.2% decline
As we de...