GROWTH SLOWDOWN: China’s economic growth fell to a three-year low, and a potential recovery later this year will probably be too weak to pull the world out of its slump.
THE NUMBERS: The world’s second-largest economy grew by 7.6 percent over a year earlier in the three months ending in June, its slowest since early 2009 during the global crisis, data showed Friday.
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WHY IT MATTERS: The latest data dampen hopes China can make up for weak demand from debt-crippled Europe and the United States, which is struggling with a sluggish recovery.
