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China's GDP growth slowed to 4.3% in the second quarter, the lowest rate in years outside of the pandemic period, due to weak consumer demand and declining investments, especially in the real estate sector, which experienced a record drop of 18%. Retail sales saw a slight increase of 1%, while exports rose by 27%. The unemployment rate remained steady at 5%, with forecasts projecting it could reach 10.2% as millions of people exit the labor market due to automation and artificial intelligence.
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