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As the Asian giant’s growth slows down, a struggling global economy could pay the price
Those who remain hopeful about the future of the Chinese economy got some extra evidence to bolster their case on Oct. 21. The Chinese government announced that GDP in the third quarter rose by a slightly better-than-expected 7.3%.
But don’t get too excited. That 7.3% is the slowest quarterly pace in five years, since the depths of the recession that followed the 2008 Wall Street financial crisis. …