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Tuesday, October 21, 2014

China's economic growth slowed in the third quarter

China's economic growth slowed in the third quarter to its weakest in more than five years as it battled a slumping real-estate market and weak domestic demand and industrial production. The world's second-largest economy grew 7.3% between July and September from a year earlier, slightly above the 7.2% forecast by analysts but slowing from 7.5% in Q2. The GDP data reinforces expectations that Beijing will need to unleash further stimulus to avert a sharper slowdown.

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