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Latest Economic Data Expected To Show That China’s Recovery Is Flailing

The latest influx of economic data from China on Monday is expected to show that the nation’s post-pandemic economic recovery is quickly fading. This increases the calls for Beijing to roll out more economic stimulus measures to prop up consumer confidence.

China’s Gross Domestic Product (GDP) for April to June is expected to rise 7.3% compared to the previous year, however, last year saw a major slump in manufacturing activities as parts of the country were on COVID-induced government shutdowns.

Data released the past Thursday showed that China’s exports in June fell by 12.4% year-on-year; the worst decline in three years. Over the course of the second quarter, China managed just 0.5% growth on a seasonally adjusted basis compared to the previous three months.

According to economists polled by Reuters, industrial output, retail sales and investment are also expected to have cooled during the second quarter.

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