Blistering sharemarket rally of recent weeks recedes as expectations cool towards long-awaited ‘bazooka stimulus’ for ailing property sector
China posted its slowest growth in a year and a half on Friday, as Beijing struggles to steady an economy shaken by sluggish consumer spending and persistent property sector woes.
Officials have in recent weeks unveiled a string of measures to reignite the world’s number-two economy, with an eye to achieving its official annual growth target of 5%.
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