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China Expects 2013 Growth to Fall to 7 per cent
Published in Saudi Press Agency on 12 - 07 - 2013


China expects annual growth to slow to 7 per cent
this year, Finance Minister Lou Jiwei was quoted as saying on Friday,
below the government's broad target of 7.5 per cent.
China's "expected growth" was 7 per cent this year, the
semi-official China News Service quoted Lou as saying following talks
with US officials in Washington.
"There shouldn't be too many problems in achieving this year's
expected growth," he said.
China's economy grew at 7.7 per cent in the first quarter and
second-half growth would probably be slightly lower, Lou was quoted
as telling reporters.
Full-year growth of 7 per cent would imply second-half growth
falling to about 6.4 per cent.
The official Xinhua news agency quoted Lou as saying it was "no
big problem to achieve the 7 per cent annual growth target," but the
ruling Communist Party has not announced any change in its earlier
target of 7.5 per cent.
Any change in the official target could be announced on Monday,
when the government is scheduled to report second-quarter growth,
which most analysts expect to slow to about 7.5 per cent.
Annual growth of the world's second-largest economy fell to 7.8
per cent last year, the slowest since 1999.


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