China slowed to 7.5 per cent growth in the second quarter, weighed down by faltering exports, sluggish retail sales and softer investment.
It was the second consecutive quarter of weaker growth as a rebound at the end of last year proved to be shortlived.
With the economy’s downturn showing little sign of abating, there is a real risk that China will fall below the government’s target of 7.5 per cent growth in 2013. It would be the first time since the Asian financial crisis 15 years ago that the Chinese government has missed its annual growth target.
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