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China Economic Growth Eases to 10.3% on Credit Curbs

China’s economic expansion eased to 10.3 percent in the second quarter and industrial production cooled more than forecast in June, signaling a deeper second-half slowdown that may add to risks for the global economy.

The gain in gross domestic product was less than an 11.9 percent increase in January-March from a year earlier. Inflation cooled to 2.9 percent in June, the statistics bureau also reported in Beijing today. Industrial output rose 13.7 percent, less than all but one of 27 forecasts in a Bloomberg News survey.