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July’s weak data painted a more realistic picture of the Chinese economy than the unexpectedly strong June figures. The message from the key gauges watched by Bloomberg Economics: growth is still far from bottoming out.

To contact the staff on this story: Chang Shu (Economist) in Hong Kong at cshu21@bloomberg.net

To contact the editor responsible for this story: Zoe Schneeweiss at zschneeweiss@bloomberg.net

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