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China’s Downturn Moderates, Though Property Woes Linger
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HONG KONG—China’s economy showed modest signs of improvement in August as stimulus measures kicked in, though renewed Covid-19 curbs and a worsening property downturn continue to damp the outlook for the world’s second-largest economy.
A raft of data released Friday by Beijing offered a mixed picture: Infrastructure investment picked up more quickly than expected, but consumer spending remained weak and property prices accelerated their declines.
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