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China’s economy perks up but property crisis worsens

China's economy perks up but property crisis worsens

China’s economy showed surprising resilience in August, with faster-than-expected growth, shoring up the recovery from the effects of Covid and heatwaves, but a deepening property slump weighed on the outlook. The better-than-expected figures show the world’s second-largest economy is gaining some steam, after narrowly escaping a contraction in the June …

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