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Opinion

China's economy is in more trouble than markets think

Signs of weakness are emerging from companies, central bank and trade talks

| China
Empty auto showrooms may be the most obvious economic indicator.   © Reuters

China's economic slowdown just got real. The world is well aware that Asia's biggest economy is growing at its slowest pace since 1992. The 6% growth in gross domestic product recorded for July to September reflects a rapid weakening of demand from abroad as the trade war damages production.

Yet three developments last week suggest China may be in more trouble than President Xi Jinping's government admits.

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