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China's economy didn't bounce back in the second quarter, China Beige Book survey finds
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BEIJING — Chinese businesses ranging from services to manufacturing reported a slowdown in the second quarter from the first, reflecting the prolonged impact of Covid controls.
That's according to the U.S.-based China Beige Book, which claims to have conducted more than 4,300 interviews in China in late April and the month ended June 15. «While most high-profile lockdowns were relaxed in May, June data do not show the powerhouse bounce-back most expected,» according to a report released Tuesday.
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