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China’s 2013 Economic Growth Dodges 14-year Low but May Slow Again

China’s 2013 Economic Growth Dodges 14-year Low but May Slow Again (Reuters)

China’s economy narrowly missed expectations for growth to hit 14-year lows in 2013, though some economists say a cool down will be inevitable this year as officials and investors hunker down for difficult reforms. The chance that the world’s second-largest economy may decelerate in coming months was underscored on Monday by data that showed growth in investment and factory output flagged in the final months of last year. Waning momentum capped China’s annual economic growth at a six-month low of 7.7 percent in the October-December quarter, a slowdown some analysts say may deepen this year as China endures the short-term pain of revamping its growth model for the long-term good. Full-year growth in 2013 was 7.7 percent, steady from 2012 and just slightly above market expectations for a 7.6 percent expansion, which would have been the slowest since 1999.

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China's economy narrowly missed expectations for growth to hit 14-year lows in 2013, though some economists say a cool down will be inevitable this year as officials and investors hunker down for difficult reforms.

archive

China’s 2013 Economic Growth Dodges 14-year Low but May Slow Again

China’s economy narrowly missed expectations for growth to hit 14-year lows in 2013, though some economists say a cool down will be inevitable this year as officials and investors hunker down for difficult reforms.

China’s 2013 Economic Growth Dodges 14-year Low but May Slow Again (Reuters)

China’s economy narrowly missed expectations for growth to hit 14-year lows in 2013, though some economists say a cool down will be inevitable this year as officials and investors hunker down for difficult reforms. The chance that the world’s second-largest economy may decelerate in coming months was underscored on Monday by data that showed growth in investment and factory output flagged in the final months of last year. Waning momentum capped China’s annual economic growth at a six-month low of 7.7 percent in the October-December quarter, a slowdown some analysts say may deepen this year as China endures the short-term pain of revamping its growth model for the long-term good. Full-year growth in 2013 was 7.7 percent, steady from 2012 and just slightly above market expectations for a 7.6 percent expansion, which would have been the slowest since 1999.

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Written By

Paul Dykewicz is the editorial director of the Financial Publications Group at Eagle Publishing Inc., www.eaglepub.com, of Washington, D.C. Eagle publishes five free, e-letters, 10 weekly trading services and five monthly investment newsletters, Forecasts & Strategies, Successful Investing, Cash Machine, Growth & Dividend Report and The Alpha Investor Letter. He also is the editor of Eagle Daily Investor and the author of the inspirational book, "Holy Smokes! Golden Guidance from Notre Dame's Championship Chaplain."

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