China reported on Thursday a slowdown in second-quarter economic growth, along with an easing in a number of other indicators for June, showing the nation's rapid expansion was beginning to cool as Beijing withdrew some accommodative policies.
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Second-quarter gross domestic product grew 10.3% over the same period a year earlier, slowing from the 11.9% annual growth recorded in the first quarter. The size of the nation's economy grew to 17.284 trillion yuan ($2.553 trillion) as a result, according to the National Bureau of Statistics of China.
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source:marketwatch
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