China’s economy slowing down

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by PressTV

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China’s national Bureau of Statistics has released new figures on the country’s economic outlook. The figures show China’s economic growth was 7.5 percent in the second quarter of 2013-down from 7.7 percent in the first quarter of the previous year and the slowest pace in 23 years. Figures also show China’s G-D-P has been staying under 8% for five straight quarters, which is a clear sign of distress. The government is now setting 7.5 percent economic growth target for 2013.

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