Friday, October 19, 2012

China's Economy Sees Seven Quarters of Slower Growth



Published on Oct 18, 2012 by
China's economy slowed for a seventh straight quarter in the third quarter. It's the first time it's missed the government's target since the depths of the global financial crisis.

The National Bureau of Statistics announced today (October 18) that GDP grew 7.4% between July and September from a year earlier. Spokesman for the Bureau blames the sluggish growth on the downturn of the global economy.
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