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International Business Times
International Business Times
Business
Isabel KUA

China's Underwhelming Data Dampens Hope Of Economic Recovery

Industrial production growth weakened in July (Credit: AFP)

Chinese industrial production growth slowed in July while unemployment rose, official data showed Thursday, highlighting an uneven recovery in the world's second-largest economy despite recent government measures to try to stimulate expansion.

More than a year and a half after the lifting of stringent Covid-19 measures, the much-anticipated post-pandemic recovery has been brief and less robust than expected, while a property crisis and high unemployment have weighed on investor confidence.

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