China industrial production and retail sales miss estimates

China August industrial production came-in at 6.0% y/y, missing the estimate of 6.6% by a big margin. Retail sales printed at 10.1% y/y vs. expected 10.5%.

Meanwhile, China commerce ministry said, "irrational overseas investment has been effectively controlled." The nation saw a drop of 0.2% y/y in FDI during the first eight months of the year.

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