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China’s economic recovery is stalling. Here’s what to expect next

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'More useful and impactful' stimulus measures likely after end-July Politburo meeting: BofA

A raft of weak Chinese economic data in May has raised hopes of decisive policy intervention.

Market watchers are anticipating the next steps from China’s State Council and a Politburo meeting in July, during which the Communist Party’s top brass will review the country’s economic performance in the first half of the year.

China’s National Statistics Bureau warned Thursday of “mounting pressure … in domestic structural adjustment” in the world’s second-largest economy. A slew of economic data from industrial production and fixed asset investment to retail sales and trade fell short of expectations, with China teetering on the brink of deflation as its post-pandemic economic recovery…



Source cnbc.com

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