Growth Data Shows Mixed Picture

After seven straight quarter of slowdown, the mainland economy turned the corner in the last quarter by growing fast than expected.  GDP growth rebounded to 7.9% in the last quarter of 2012, beating market expectations for a 7.8% gain and more than the 7.4% growth in the third quarter.  For the full year, the economy grew 7.8%, after 9.3% growth in 2011.

 

~ SCMP, January 21, 2013 ~

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