Diabytes
China GDP growth News
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China`s economy has so far fared better than expected this year, Prime Minister Li Keqiang said on Tuesday, citing the increase of new jobs and contribution of domestic consumption and the service industry to overall economic growth.
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China`s economy is likely to grow 6.7 percent in the second quarter, fuelled by rising investment in infrastructure and a recovery in the property market, state news agency Xinhua said on Monday, citing an official think-tank.
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China is expected to report its weakest quarterly economic growth in nearly seven years on Tuesday, adding pressure on policymakers to take bolder steps to ward off fears of a sharper slowdown that are jolting global financial markets.
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Energy and steel may be the hardest-hit sectors in Asia-Pacific (APAC) in the event of a sharp slowdown in Chinese growth, says Fitch Ratings.
So far China's 31 provinces, municipalities and autonomous regions had released local GDP growth rates for the first six months of the year.
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