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CHINA> National
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China GDP growth for '09 predicted at 7%
(Xinhua)
Updated: 2009-01-14 15:31 BEIJING -- China's gross domestic product (GDP) growth might slow to 7 percent this year from 9 percent in 2008 on weakening external demand and decreasing domestic investment, a Deutsche Bank economist said.
Ma forecast a further decline in external demand and deceleration in investment in the real estate, manufacturing and mining sectors in 2009. China will experience its sharpest deflation in 10 years in 2009, Ma said. |
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