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JAN 19, 2014 - Time

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China’s Economy Grows 7.7 Percent in 2013

(BEIJING) — China’s economic growth declined in the final quarter of 2013, adding to pressure on the country’s communist leaders to avoid politically dangerous job losses as they carry out a sweeping slate of promised reforms. The economy grew by 7.7 percent, down from 7.8 percent the previous quarter, data showed Monday. Growth for the full year was 7.7 percent, tying 2012 for the weakest annual performance since 1999. China’s growth is far stronger than the United States, Japan or Europe. But an unexpectedly abrupt decline from the double digit rates of the previous ... Read More

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