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China's economic slowdown stands out in fresh data

Industrial output sinks to 10-year low as multinationals flee tariffs

A continued slump in China's auto industry weighed on industrial data last month.   © Reuters

BEIJING -- New Chinese economic indicators show increasing downward pressure on growth, with the trade war taking a toll on industrial production even as consumer spending slows.

Beijing appears inclined to let its current round of stimulus measures run its course, with a fiscal policy official saying: "The impact of tax cuts will become evident in the second half of the year."

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