Growth In China Slowing To Its Lowest Rate Since 2007-2009 Recession
Official data due this week are expected to show growth in China slowing to its lowest rate since the global financial crisis. China’s National Bureau of Statistics is scheduled to report second-quarter gross domestic product growth on Friday, and according to a Dow Jones poll of 15 economists, it is likely to show the country’s economy grew by 7.6% from a year earlier. That is down from 8.1% growth in the first quarter, and the slowest pace since the first quarter of 2009.
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