China retail sales disappoint in July, industrial output slows while new home prices extend declines

The slate of July economic data: July retail sales +0.6% vs +1.5% y/y expected Prior +1.0% July industrial output +4.5% vs +4.8% y/y expected Prior +5.3% July fixed-asset investment -6.7% vs -6.0% y/y expected Prior -5.7% July property investment -19.2% y/y Prior -18.0% July new…