While on economic activity in Asia, China’s July industrial production growth slowed to 4.5%, missing the consensus forecast.

Combined with lower-than-expected retail sales, today’s IP numbers confirm the narrative of a dual-track Chinese economy that spans both supply and demand factors: One consists of booming sectors fueled by tech and strong exports. The other is dominated by struggling sectors comprising more traditional production and weak domestic consumption. #economy #markets #China #gr — via @elerianm

China’s July IP miss and weak retail sales confirm dual-track slowdown, hitting macro sentiment.