Infrastructure stimulus comes good
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China’s stats bureau (NBS) published the monthly econ data for September on Monday.
The headlines:
Retail sales increased 2.5% y/y in September, down from a 5.4% y/y increase in August.
Fixed-asset investment (FAI) rose 6.6% y/y in September, compared with 6.5% y/y growth in August.
Value-added out...