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China's Growth Slows To 7.6 Percent

An investor reacts in front of an electronic board showing graph of stock indexes at a brokerage house in Taiyuan, Shanxi province, in July.
An investor reacts in front of an electronic board showing graph of stock indexes at a brokerage house in Taiyuan, Shanxi province, in July.
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China says its economic growth slowed to a new three-year low in the second quarter of 2012 as exports and consumer spending weakened.

Data published on July 13 showed the world's second-largest economy grew by 7.6 percent compared to the three months to June one year earlier, down from the previous quarter's 8.1 percent.

That was the lowest since the first quarter of 2009 at the peak of the global financial crisis.

Analysts expect growth to rebound in the second half of the year.

The government's full-year growth target is 7.5 percent.

Based on reporting by AP and AFP
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by: Eugenio from: Vienna
July 13, 2012 09:13
China is growing at a rate more than 7 %, Russia at a rate of 4,5 % - whereas the US is stagnating and a number of EU economies (Italy, Spain, Greece, Portugal etc) are shrinking. And it is just logical that in this situation the RFE/RL finds nothing better than publishing "articles" on how the "Chinese economic growth is slowing" :-).
I mean, really, that's probably how all the previous civilizations collapsed: people who lived there were probably just as unable to FACE THE REALITY OF THEIR LOOMING DISAPPEARANCE - which would be the sine qua non precondition for trying to somehow correct their own mistakes and thus improve their own situation, as the RFE/RL is just genetically unable to put their finger on the REAL PROBLEMS - those of their own rotten, declining and disappearing societies.
P.S. I wonder, what was the "fresh news" in Constantinople in 1452 - one year before the city was taken over by the Ottoman army? Probably the news was that "the Ottoman empire is in a process of decline, their economic growth slowed to 7,6 %".

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