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TAL - Pinduoduo's Policy Smarts And Lessons From Translation
TAL Education Group American Depositary Shares
By ALT Perspective
Last week, China released a slew of economic data (CQQQ) (FXI) that were not fantastic but sufficient to keep market participants delighted as the numbers were better than consensus forecasts. While the Q2 2019 GDP growth at 6.2 percent was the lowest since records began in March 1992, it was nonetheless within market expectations.
What pleased the investors more was the retail sales data for June 2019 which advanced 9.8 percent year-on-year. Not only did it surpassed estimates but it was also the sharpest gain since March 2018,