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China’s Economic Recovery Weakens Amid Fresh Covid Flareups

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WATCH: Helen Qiao of BofA Global Research discusses China’s economic data for July and what it means for the economy and her outlook.Source: Bloomberg

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China’s economic recovery unexpectedly weakened in July as fresh Covid outbreaks across the country weighed on consumer and business spending, clouding the growth outlook further and prompting the central bank to deliver a surprise interest rate cut.