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IMF Cuts 2012 China Economic Growth To 8.25%
The International Monetary Fund cut its forecast for China's economic growth this year to 8.25% from 9.0% projected in September, citing the threat of weakening exports amid an uncertain global environment. In its China Economic Outlook report released Monday, the IMF said China's growth rate, which stood at 9.2% last year, would drop abruptly if the euro zone experienced a sharp recession. The organization's assessment comes as investors brace themselves for a fresh slew of Chinese economic data, which are expected to show steadily easing inflation but further weakness in the country's export sector. Despite the ... (full story)
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