China growth slowest in 3 years

Rappler.com

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China’s economy grew at its slowest pace in three years, as investment slowed and demand fell in key export markets such as the US and Europe. Gross domestic product increased at a rate of 7.6%, compared with the previous year, down from 8.1% in the previous three months. Cooling growth in China is a concern for other Asian economies and the global recovery. China’s ability to get its growth back on track will have implications far beyond the country itself. “China has been a big factor for the slowdown in Asia this year,” said Tai Hui from Standard Chartered Bank in Singapore.

Read the full story on BBC


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