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China’s economic momentum weakens amid coronavirus controls and property curbs

China is increasingly likely to loosen some liquidity conditions as weak economic data released on Wednesday cast a pall over the world’s second largest economy and fresh coronavirus outbreaks add to concern about a slowdown, economists said.Retail sales growth slumped in August to 2.5 per cent, far lower than the 7 per cent estimate in a Bloomberg survey of analysts and an 8.5 per cent increase in July, data from the National Bureau of Statistics (NBS) showed.Industrial production was also…

Read the original article at South China Morning Post

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