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China's industrial output and retail sales slowed sharply in July and missed expectations, as new COVID-19 outbreaks and floods disrupted business activities, adding to more signs that the economic recovery in the world's second largest economy is losing momentum.
Industrial output increased 6.4 per cent in July from a year earlier, data from the National Bureau of Statistics (NBS) showed on Monday, slowing sharply from the 8.3 per cent in the previous month and missing expectations of a 7.8 per cent rise in a Reuters poll.
July's industrial . . .
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