00:00Meanwhile, China says it is ready to take steps to avoid an economic slowdown in the second half of the year.
00:07Commerce Minister Wang Wontau assures the economy is improving with great potential in the domestic consumption market.
00:15When asked about China's dependence on exports, Wang said the government is preparing policies to boost consumption momentum.
00:22He added that China is also promoting new forms of consumption,
00:26citing Beijing-based toy maker Popmart, whose LeBubu dolls have become sought-after collector items.
00:33Growth in China hit 5.2% in the second quarter, according to official data on Tuesday.
00:39However, retail sales rose far less than expected and were weaker than May,
00:44suggesting efforts to revive consumption have yet to gain traction.
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