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Fixed asset investment pulled down by property
Industry’s turnaround is built on a narrow base, but it should broaden
Retail sales are likely enjoying a false dawn
Fear of Evergrande contagion is dragging the PBoC into liquidity injections; an RRR cut is in the offing...
... But weak GDP growth will also force the Bank to drive market rates lower through OMOs.
The new green plank of BoJ policy struggles on the implementation details.
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