China’s economy stumbled in July as a two-month boost from easing lockdowns faded, prompting the country’s central bank to unexpectedly cut two key interest rates in an effort to shore up faltering growth. A raft of data released Monday showed economic activity slowed across the board in July, including factory output, investment, consumer spending, youth hiring, and real estate, highlighting the breadth of the economic challenge facing policymakers in a politically sensitive year for leader Xi Jinping, who is expected to break with recent precedent and seek a third term in power this fall. The fresh evidence of China’s slowdown adds to the headwinds facing the global economy this year, which is already reeling from the fallout from Russia’s invasion of Ukraine and efforts by central banks in the U.S., Europe and beyond to tame […]