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05 Mar
00:00

China confirms economic slowdown in 2015

China has set its new economic targets for the year and they contain few surprises. Crucially, GDP growth is expected to slow further to 7% while efforts will continue to be made to boost inflation, according to Premier Li Keqiang in his annual Economic Work Report. China just missed its GDP growth target of 7.5% in 2014, growing 7.4%, the lowest rate since 1990. The new 7% target was widely expected and is in line with forecasts by the China Academy of Soci…
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