Shaky foundations
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Alongside the GDP data, China’s stats bureau also published the monthly econ numbers for June on Thursday.
The headlines:
Retail sales rose 12.1% y/y in June, down from 12.4% y/y growth in May.
Fixed asset investment increased by 4.7% y/y in June, up from 4.2% y/y growth in May.
Value-added output ...