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  - WN.COM - Business - 11/Aug 02:38

Trade thaw helps boost Q2 GDP

China's GDP grew 5.2 percent in the second quarter, demonstrating strong resilience and vitality. Looking ahead, the economy will benefit from better-than-expected results generated by Sino-US economic and trade talks. However, challenges such as insufficient domestic demand and declining prices are expected to persist, requiring ramped up efforts to boost consumption, stabilize the property market and support businesses, in order to achieve the full-year growth target. In the first half, the economy achieved a growth rate of 5.3 percent amid a complex and volatile external environment, with trade-in programs being a primary driver of this performance. Driven by consumer goods trade-in...

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