China began the third quarter with weaker-than-expected key economic indicators, raising additional concerns about the health of its economy and its demand for crude oil in the coming months. Retail sales increased by just 0.6% in July from a year earlier, down from 1% annual growth in June, official Chinese data showed on Monday. Retail sales last month came in well below the analyst estimate of 1.5% growth in a Reuters poll, despite summer tourism spending. Growth in industrial output also fell short of expectations, with a 4.5% increase in July…
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