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China’s economy loses momentum as trade pressures weigh

Industrial production and retail sales expand by slowest pace this year as policymakers battle threat of deflation

Two of China’s benchmark economic indicators slowed sharply in July as domestic and trade pressures fuelled concern over the health of the world’s second-largest economy.

Industrial output rose 5.7 per cent last month, official data from the National Bureau of Statistics showed on Friday, the slowest pace of growth since November and trailing June’s rate of 6.8