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Asia Markets: Asia stocks retreat on softer-than-expected Chinese data

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China’s industrial activity is slowing at a time when the country may have to gear up for a protracted trade fight with the U.S.

Stocks in Asia fell Monday following Chinese economic data which suggested that the world’s second largest economy may be losing steam.

China’s economy expanded 6.7% year-on-year in the second quarter, slowing from 6.8% in the previous quarter, Dow Jones Newswires reported. The figure was in line with expectations but the slower number comes at a time when Beijing is gearing up for a trade fight with the U.S.

Industrial output grew 6% in June, noticeably slowing from 6.8% pace in May.

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