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China's GDP numbers send out a warning

Slowdown is deeper than data shows and will dive further without a trade deal

| China
Property sector needs to be watched carefully. (Imaginechina/AP)

China's economy slowed further in the second half of 2018, according to official statistics published on Jan. 21 but the figures are well manicured and present a misleadingly optimistic picture.

As with everything in China, there are nuances we should not overlook. Slower growth has been a feature for a decade -- the inevitable consequence of maturity and modernity. At 6.6% in 2018, the rate of economic growth is still relatively high by global standards.

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