By Bloomberg News Dec 25, 2013
China estimates that growth slowed
to 7.6 percent this year, with mounting challenges putting
pressure on the nation’s traditional growth model of investment-led spending, according to the official Xinhua News Agency.
The calculation for the gain in gross domestic product for
2013 was included in a report by the State Council, or cabinet,
to the legislature, and compares with a government target of 7.5
percent, Xinhua reported yesterday. A 7.6 percent pace would
mark a third straight annual drop in the expansion rate.
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