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Economic rebound lacks gas

By Li Jiabao, Ding Qingfen in Beijing and Xie Yu in Shanghai | China Daily | Updated: 2012-08-11 07:45

Economic rebound lacks gas

Data from People's Bank of China shows slump in lending in July

Sharply slowing export growth together with a slump in bank loans and industrial output in July are pointing to a prolonged slowdown for the world's second largest economy.

China's exports increased 1 percent year-on-year in July, the worst growth since 2009, reflecting how the global economic slowdown has weakened demand for Chinese exports, the General Administration of Customs said Friday.

Economic rebound lacks gas

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