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China’s Economic Woes Mount With Disappointing Start to Half

  • China’s economy cooled in July — industrial output and retail sales missed expectations and overall investment weakened, suggesting growth has lost momentum.
  • Weak domestic demand and a deepening property slump are pinching consumers (auto purchases plunged) and businesses.
  • Policymakers are under pressure to act; officials signaled “pragmatic” support and new stimulus could be rolled out if growth falters further.
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