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China’s growth is slowing down

China’s economic upswing is losing momentum. In the third quarter, its gross domestic product grew by only 4.9 percent compared to the same period last year. This is shown by the data of the Beijing National Bureau of Statistics (NBC) on Monday. In the first quarter, the GDP of the second-largest economy grew by 18.3 percent, in the second quarter by 7.9 percent.

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