Chinese value-added industrial output +8.9% Y/Y in August vs. +9.2% in July and consensus of 9%....
Chinese value-added industrial output +8.9% Y/Y in August vs. +9.2% in July and consensus of 9%. The August figure represents the slowest growth since May 2009, and was probably due to falling domestic demand and the continued destocking of inventories in the steel sector and other areas, says UBS economist Wang Tao.
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