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China’s consumption weighed down by weak expectations
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China’s consumption weighed down by weak expectations
China’s economy registered a respectable GDP growth rate of 5.3% in the first half of 2025. Despite US President Donald Trump’s tariff war, China’s exports grew by 7.3% and contributed more than one-third of the first half of the year’s growth. But domestic demand remains weak and prices are still falling. The conventional wisdom identifies […]
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