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Story summary
- Premier Li Qiang said the government will stabilise external demand and expand international trade to offset weak domestic demand.
- July factory output rose 4.5% and retail sales 0.6%, both below forecasts, as high temperatures and heavy rainfall disrupted supply and demand.
- Capital Economics’ Julian Evans-Pritchard said AI-related spending lifted manufacturing, noted typhoon-related weakness, and expects a growth uptick from fiscal loosening this year.
