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You are here » Home Page
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» Latest data shows China slowdown ends
Latest data shows China slowdown ends
2013-08-11
source own
Latest economic figures just released point to China’s economy stabilizing. Factory output increased by 9.7% compared with a year ago and up by 0.8% from Junes figure of 8.9% . July’s consumer price index rose to a similar rate as June’s by 2.7%. In recent months China’s growth rate had been slowing with the first quarter of 2013 growth rate at 7.5% down from 7.7% for the same period in 2012. On Thursday, trade figures showed export and import growth rebounded in July as well.
Overall the Chinese government have set a target for the economy to grow by 7.5% for 2013. On Thursday, trade figures showed export and import growth rebounded in July as well.
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