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- China's GDP expanded by a better-than-expected 4.9% last quarter, according to figures released Wednesday.
- That's good news for the world's second-largest economy, which has struggled since Beijing lifted zero-COVID restrictions late last year.
- China is also battling deflation, spiking youth unemployment, and a property-market crisis that’s brought down major developers like Country Garden and Evergrande.
China's beaten-down economy finally got some good news Wednesday, as second-quarter growth came in ahead of forecasters' expectations.