China's economic growth slows to 24-year low: govt
Beijing (AFP) Jan 20, 2015 - China's gross domestic product grew 7.4 percent in 2014, official data showed Tuesday, slumping to a 24-year low with authorities describing the slower pace as the "new normal" for the world's second-largest economy. The figure announced by the National Bureau of Statistics (NBS) was slower than the 7.7 percent seen in 2013, but exceeded the median forecast of 7.3 percent in an AFP survey of ... more

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