Insufficient stimulus
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Alongside the Q2 GDP data, China’s stats bureau also published the monthly econ numbers for June on Friday. The headlines:
Retail sales increased 3.1% y/y in June, up from a 6.7% y/y fall in May. Fixed asset investment (FAI) rose 5.8% y/y in June, compared with 4.5% y/y growth in May. Value-added o...