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China economic indicators flash red as central bank adds liquidity

Property and retail slumps deepen, with pressure set to persist into 2022

A construction site in Beijing: China's slumping property market is raising alarm.   © Reuters

SHANGHAI/HONG KONG -- Fresh data out of China on Wednesday continued to paint a troubling picture of the world's No.2 economy, with home prices slumping, retail sales growth slowing and unemployment inching up.

A move by the central bank to add liquidity took effect the same day, but economists were not counting on a quick turnaround.

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