China growth slows for sixth consecutive quarter
The National Bureau of Statistics of China today (July 13) revealed that GDP had grown by 7.6% year-on-year in the second quarter of 2012, 50 basis points lower than the figures for the first quarter.
This was the sixth consecutive quarter that growth has slowed, according to the Chinese official Xinhua news agency. GDP growth was 10.3% in 2010, slowing to 9.2% in 2011 and 8.1% in the first quarter of 2012.
Nevertheless, Sheng Laiyun, spokesman for the statistics bureau, tried to pull out the
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