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More Evidence Of Slowdown In China’s Economy

More Evidence Of Slowdown In China’s Economy

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There was more evidence of a slowdown in China’s economy with industrial output rising 4.4% in August, the lowest level in a single month since 2002, while retail sales also came in below expectations. Policy makers are ramping up support for the flagging economy, while still holding back on using all tools at their disposal. With output already weakened by the on-going trade war with the U.S., the last thing China needs right now is an oil shock.

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