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A tumble in China’s trade last month has reignited concerns that the world’s second-largest economy is stumbling.
“The overall consumption and investment growth probably both stayed quite weak in China.”
“Most measures of export orders point to a much greater decline in foreign demand than has so far been reflected in the customs data.
“And the near-term outlook for consumer spending in developed economies remains challenging, with many still at risk of recessions later this year, albeit mild ones.”
