China’s Economy Slowed In Fourth Quarter, Setting Stage For Dismal First Quarter

Tuesday, January 17, 2012 09:32
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China’s Economy Slowed In Fourth Quarter, Setting Stage For Dismal First Quarter

Tags: China | world economy

The real estate and export sectors in China slowed more dramatically than expected in the fourth quarter as China’s economy expanded at its slowest pace since mid-2009.

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Analysts predicted an even sharper slowdown in the first quarter of 2012 amid new pro-growth measures from the Chinese government.


China’s gross domestic output rose just 2% in the fourth quarter, as overall growth slowed to 8.9%.


Property investment plunged 40% on an annual basis in December, while net exports subtracted from 2011 growth. Debt-plagued Europe is China’s top trading partner.

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