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Paraphrasing means rewording; it means rewriting something (written or spoken) in different words aiming to express the meaning of (something), and achieve greater clarification.
Summarising on the other hand focuses on giving a brief statement of the main points of (something), which may also require rephrasing.
Paraphrasing is saying something in different words, summarising is making a summary (a shortened, condensed version) out of it.
