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China growth slows
THE pace of growth in China slowed in the second quarter, official figures show.
China’s economy grew by 10.3 per cent in the April to June quarter – below the 11.9 per cent growth rate during the first quarter of the year.
The government has introduced a range of measures to cool down the economy.
China has faced with a boom that included a surge in house prices and fears that a speculative asset bubble was forming.
The authorities imposed limits on lending and investment.
The latest figures leave growth for the first half at 11.1 per cent.