BEIJING--Value-added industrial output in China rose 4.8% in July from a year earlier, slowing from the 6.3% increase in June, the National Bureau of Statistics said Wednesday. July's rise undershot a median forecast for 5.9% growth, according to a poll of 13 economists by The Wall Street Journal. Fixed-asset investment in China's urban areas rose 5.7% in the January-July period from a year earlier.
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