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China's economic growth slows down to 8.1% | The economic growth of China slowed down to 8.1
percent in the first quarter of 2012, as a slowdown in exports and real-estate investment complicated its efforts to guide the economy to progress. China had
expected a growth rate of 8.3 percent, but reached the 8.1 percent mark, which
is a marked slowdown from 8.9 percent in the fourth quarter of 2011 and the lowest
since the first quarter of 2009. According to the Wall Street Journal, the growth
rate figures released by China 's National Bureau of Statistics come at a time
when the country has shown signs of shifting its policy more towards supporting
growth and continuing to shift away from inflation. China 's resilient growth
and strong public finances stand in contrast to the U.S. and Europe , where unemployment
remains high and high public debt limits the scope for a spur. Inflation in March
also rose, with the Consumer Price Index up at 3.6 percent, but analysts expect
the prices to trend lower in the months ahead, the paper said.
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