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China has recorded its slowest quarterly gross domestic product growth rate in over a year at 4.6 per cent, a further setback to the country’s target of “around 5 per cent” for the full year. The nation’s economic recovery has been slow following the Covid-19 pandemic, with domestic consumption and investor confidence remaining weak after the lifting of controls. Policymakers have unveiled a series of stimulus measures to boost China’s ailing economy, including the beleaguered property market, which housing minister Ni Hong said has started to bottom out after three years of adjustment.
