We use an inequality of Sidorenko to show a general relation between local and global subgraph counts and degree moments for locally weakly convergent sequences of sparse random graphs. This yields an optimal criterion to check when the asymptotic behaviour of graph statistics such as the clustering coefficient and assortativity is determined by the local weak limit. As an application we obtain new facts for several common models of sparse random intersection graphs where the local weak limit, as we see here, is a simple random clique tree corresponding to a certain two-type Galton-Watson branching process.