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China GDP Growth Rate

The Chinese economy advanced 1.3 percent, following a 1.7 percent growth in the previous three months and missing market estimates of a 1.6 percent growth. It was the weakest expansion since the March quarter 2016. GDP Growth Rate in China averaged 1.84 percent from 2010 until 2017, reaching an all time high of 2.40 percent in the first quarter of 2011 and a record low of 1.30 percent in the first quarter of 2016. In China, the growth rate in GDP measures the change in the seasonally adjusted value of the goods and services produced by the Chinese economy during the quarter. As China’s traditional growth engines of manufacturing and construction are slowing down, services have emerged as the new driver. In the last few quarters strength in services and consumption helped to offset weaker manufacturing and exports.
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