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Tuesday, July 16, 2013

Chinese Q2 GDP grows in line with expectations.

China's economy matched forecasts and expanded 7.5% on year in Q2, although that was down from 7.7% in Q1. China won't have a problem achieving its official annual growth target of 7.5%, the statistics bureau said, with the economy "generally stable" in H1 and major indicators in a "reasonable range." However, economists are less confident, while a major question is how far China's leaders are prepared to let growth slow as they reform the economy

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