Two-track growth
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China’s demand-supply imbalance is growing.
Per data released by the stats bureau (NBS) on Friday, in April:
Industrial value-added (IVA) surged 6.7% y/y, up from 4.5% growth in March
Fixed asset investment (FAI) grew 3.5% y/y, down from 4.8% the previous month
Retail sales increased 2.3% y/y, down...