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UBS WM: Expectation-beating growth gives Chinese authorities room to deleverage

China’s better-than-expected second quarter growth (6.9% YoY) gives authorities room for their deleveraging efforts, says UBS Wealth Management, which also warns that this could weigh on growth in the second half, particularly when it comes to property and infrastructure investments. Strong H1 growth to lead to softer H2 “The stronger-than-expected growth was mainly boosted by benign June activity data thanks…

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