China's Economy Slows to 7% Growth, Meeting Government Target

April 15, 2015 2:39 AM

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China's Economy Slows to 7% Growth, Meeting Government Target

China’s economy slowed to the weakest pace of expansion since 2009 last quarter as policymakers implement a reform program while cushioning growth with targeted stimulus.

Gross domestic product rose 7 percent in the three months through March from a year earlier, the statistics bureau said in Beijing Wednesday, matching the median estimate of economists in a Bloomberg survey. That rate matches the leadership’s target for its full-year expansion pace.

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