out of China showed a return to growth by posting better-than-expected metrics, aside from its retail sales.
Gross domestic product for the world's second-largest economy rose 3.2% in the three months ending June, above estimates, but its retail sales fell short of forecasts by dropping 1.8% in June. But "the headline number flatters to deceive," he said, while pointing out that "the Chinese domestic consumer appears to be more reluctant than anticipated to go outside and consume."
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