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Economy

China slowdown pressures Xi as goal of doubling GDP fades

Trump takes victory lap, saying low growth signals success of his policy

Chinese President Xi Jinping will face an enormous challenge in navigating the economic slowdown.   © Reuters

BEIJING -- China could fall short of its pledge to double GDP in the 10 years through 2020 after the April-June growth rate declined to its slowest pace since 1992, as the trade war exacts a toll on exports.

Real gross domestic product rose 6.2% on the year during the three months ended in June, down 0.2 percentage point from the previous quarter's growth. On an annualized basis, it's the lowest rate since the 3.9% marked in 1990, the year after the Tiananmen Square crackdown.

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