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China’s industrial output hits 17-year low in August

The slowdown in China’s economy deepened in August 2019 with growth in industrial production coming in at its weakest in 17 years. Official data showed it expanded just 4.4 per cent year-on-year, coming in well below analyst forecasts of 5.7 per cent.This signalled further weakness in an economy hit by the trade war and slowing demand.

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