Risks To China's Growth Outlook Balanced To Downside: ING

India, Aug. 18 -- China's growth imbalances worsened as K-shaped divergence continued to widen and risks to the growth outlook remain balanced to the downside with slowing domestic activity, ING economist Lynn Song said.

Official data released on Monday showed that industrial output grew at a slower pace of 4.5 percent in July after expanding 5.3 percent in June. Retail sales rose only 0.6 percent, weaker than the 1.0 percent gain in June.

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