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By Enda Curran

July 17, 2015 at 4:08 AM UTC

This article is for subscribers only.

On the surface at least, China's economy grew at a respectable 7 percent in the second quarter, beating expectations and right on track for the government's annual growth target.

"Bingo!" was how the Xinhua official news service greeted the data in a Tweet shortly after the number was released.