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China’s Economy Stabilizes as Consumer Spending Perks Up

Gross domestic product rose 6.7 percent in the second quarter from a year earlier.
  • Retail sales and factory output beat estimates in June
  • Fixed-asset investment slows in first 6 months of 2016

China’s economy stabilized in the second quarter as lending and consumer spending perked up in June, suggesting the world’s second-largest economy is responding to stepped up monetary and fiscal policy support.

Gross domestic product rose 6.7 percent in the second quarter from a year earlier, compared with a projection of 6.6 percent by economists...


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