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China’s economic growth exceeded expectations in the second quarter but a more pronounced slowdown is becoming likely in the months ahead, made worse by risks to global trade and sluggish consumer demand at home.
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Gross domestic product expanded 5.2% in April-June from a year earlier, after a gain of 5.4% in the first quarter, according to data released Tuesday by the National Bureau of Statistics. That compares with a 5.1% median forecast from economists surveyed by Bloomberg.
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