China: Slowest Growth of the 21st Century
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January 18, 2013 - 2:57am
Econintersect: Not even the burden of the Great recession drove China's GDP growth to an annual growth as low as did the year 2012. The fourth quarter saw GDP growth pick up to an annual rate of 7.9%, higher than 7.6% for the second quarter and 7.4% for the third quarter. For the entire year 2012 GDP grew by 7.8%. The pick-up at the end of the year was driven primarily by government spending on infrastructure. This spending had been stepped up as a stimulus effort in the middle of the year.
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