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China lowers 2014's economic growth figure to 7.3%

New number remains lowest since 1990; Beijing says its own stock exchanges are stabilising following "bubbles" and painful corrections
Tuesday, September 8, 2015 - 05:50
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Data showing a gauge of Chinese manufacturing at a three-year low sent world markets into a tailspin last week, as investors gave vent to worries the economy is headed for a "hard landing".

Beijing

CHINA on Monday lowered last year's economic growth figure to 7.3 per cent after concerns about slowing expansion caused global market havoc, but said its own stock exchanges are stabilising following "bubbles" and painful corrections.

The new number remains the lowest

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