China's economy grew by 5.2% in the second quarter, beating analysts' forecasts of 5.1%, but slowing from 5.4% in the first quarter. This brings the country closer to the annual target of 5%, reducing pressure on the authorities on the issue of stimulus measures. However, concerns about deflation and the need for structural reforms are growing.Retail sales in June slowed to 4.8% year-on-year, compared with 6.4% in May, which missed expectations for growth to 5.4%. Sales in public catering, which... Read More
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