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Tale of two Chinas is emerging as economy slows, says Fidelity

Areas that are very heavily dependent on resources such as Liaoning in the north-eastern rust belt managed just 3 per cent growth last year, below the national average of 6.9 per cent.

Hong Kong

A TALE of two Chinas is emerging as the country transforms its export-based economy to one that is centred on consumption and services, according to analysts at Fidelity International.

"There is a story of two halves, old and new, and also a story of north and south,"

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