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Monday, April 21, 2014

Chinese real estate hit by slowest growth in six quarters

China's growth is down to the weakest pace in six quarters, pulling down property construction, as leaders came under pressure to stick to their commitment to keep credit reined in. Meanwhile risks of a deeper slowdown increased.

Gross domestic product was up 7.4 per cent in the January-to-March period from a year earlier, according to the statistics bureau as  against the 7.3 per cent median estimate in a Bloomberg News survey of analysts. Industrial production as also fixed-asset investment lagged projections.

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