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China's regions show big economic divergence

Provinces reliant on traditional industries report weak or no growth

Published Fri, Aug 5, 2016 · 09:50 PM

Beijing

CHINA'S regional economies showed a marked divergence in performance in the first half of 2016, with provinces reliant on steel making and mining reporting weak or no growth, but some larger cities thriving.

The recently released provincial growth figures highlight growing imbalances in China as the government tries to restructure the economy from a dependence on heavy industry and exports to one that is powered more by domestic consumption.

The north-eastern steel-making province of Liaoning reported its economy shrank by one per cent in the first half of 2016 from the same period the previous year, the only province in China to report a contraction. That was in sha…

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