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Chinese Economy Advancing at Slightly Faster Pace

China says its economy advanced at a slightly faster pace in recent months, allaying fears that the world's second largest economy was headed for a downturn. Beijing said Friday its economy grew by 7.8 percent in the July-to-September period from a year earlier, edging ahead of growth it recorded in both the first and second quarters of 2013. Analysts said the Chinese advance stemmed from modest government stimulus efforts, including spending for railway projects and tax cuts, more ...

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