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China's GDP to grow 7.5% in 2014: HSBC

Chinese exporters focus on domestic market amid declining overseas orders

SIGNS OF PROGRESS China's economy bottomed out in Q2 and has continued on the path of recovery, says HSBC.


THOUGH some economic indicators point to slower third-quarter growth for the Chinese economy, banking giant HSBC has stuck to its forecast of 7.5 per cent GDP (gross domestic product) growth in 2014.

China's economy bottomed out in the second quarter, with an above-