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China comments on the data: Economic growth is generally stable

Comments out of China’s National Bureau of Statistics

  • China’s economic growth is generally stable
  • China’s slowing retail sales growth in July is due mainly to weaker auto sales
  • Says consumption has big potential
  • Says employment market generally stable

ps. If you’ve read down this far, July industrial production came in at its weakest growth in 17 years. That’s how ‘stable’ economic growth is in China, K? 

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