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China's economy softens in August as Beijing continues to grapple with lagging demand

  • China’s economy softened in August, continuing a slowdown in industrial activity and real estate prices as Beijing faces pressure to increase spending.
  • The National Bureau of Statistics reported weakening industrial production, retail sales, and real estate activity compared to July.
  • Liu Aihua, chief economist, noted that demand remains insufficient domestically, and the economy faces multiple difficulties and challenges.
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  • 56% of the sources are Center
55% Center
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