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China’s GDP seen outpacing target, easing stimulus pressure

  • China’s economy likely exceeded full-year growth target in Q2, easing stimulus pressure on Beijing.
  • GDP expected to rise 5.1% in Q2, supporting by strong exports and fiscal support.
  • Policymakers may hold off on further stimulus to maintain policy flexibility amid uncertainties.
  • Consumption and industrial production indicators also show mixed signals for China's economic outlook.

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