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China’s economic growth rate is slowing

China's economic growth rate is slowing in the second quarter of the year compared with the first, according to a new report by the country's prestigious Renmin University, the 21 Century Business Herald reported today.

GDP growth in the five months of the year was 7.7% versus a year earlier; that compares with an overall GDP growth rate of 8.1% in the first three months of the year,  the report said.

China's growth rate for 2012 will likely bottom out in the second quarter and then manage to expand by 8.6% for the full year, according to the vice dean in the university's school of economics, Liu Yuanchun.  The newspaper report didn't say why.

21st Century Business Herald is partly owned by Fosun Media, a licensing partner of Forbes Media in China.


From   http://www.forbes.com/sites/russellflannery/2012/06/13/chinas-gdp-growth-is-slowing-in-the-second-quarter-report-says/

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