Chinese economic data released today has missed across the board with retail sales, industrial output and urban fixed asset investment growth all undershooting expectations by a significant margin. According to China's National Bureau of Statistics (NBS), retail sales grew by 10.4% in the year to July, a figure that was below both the 11% pace seen in June and forecasts for a smaller deceleration to 10.8%. It was also the slowest year-on-year...

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