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Economy

China's bleak economic data exposes trade war scars

As consumer sentiment darkens, pace of expansion at 15-year low

BEIJING/HONG KONG -- The Chinese economy is showing clear signs of slowing down. November retail sales announced on Friday marked the lowest growth rate in more than a decade and a half, and growth in industrial output also fell to the weakest in years.

With consumers and business owners increasingly concerned about the fallout from the Sino-American trade war, the Chinese leadership is expected to tap such growth-friendly measures as tax cuts when setting its 2019 economic policy in the coming weeks.

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