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China slows down again: GDP +7,4% in the third quarter

Between April and June, growth was 7,6% - This is the seventh consecutive quarter in which the Asian giant's economy is experiencing a slowdown - the figure is the worst since 6,6% in the first quarter of 2009.

China slows down again: GDP +7,4% in the third quarter

Slow down again the Chinese economy, which grew by 7,4% in the third quarter of the year, against +7,6% in the April-June period. The National Bureau of Statistics in Beijing reported today. It's about the seventh consecutive quarter in which the Asian giant's economy slowed down. The data, among other things, is the worst since 6,6% in the first quarter of 2009. In the first three quarters of 2012, the growth of the second world economy was 7,7% compared to the same period last year, the National Statistics Office reported again.

In the light of these data, the Prime Minister, Wen Jiabao estimates that growth in the country has begun to stabilize and said he is confident that the target of 2012% indicated last March could be achieved for the whole of 7,5: "We can say – stated the Premier – that the economic situation in the third quarter was quite good". Also according to the managers of the National Statistics Office today "the signs of stabilization of the national economy are clearer, judging by the figures for the third quarter and in particular those for September”.

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