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In the first quarter of 2013, the Chinese economy continued to maintain its growth, but at a slower rate. Quarter-on-quarter GDP was 7.7 percent in the first quarter, which was 0.3 percentage points below forecast (according to a Reuters poll consensus).(1) Lower consumption growth was the main reason for the lower GDP growth rate, although financing activity was up, and the real estate market continued to be active despite government curbs.
Source : KPMG
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