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China Growth Slows to 7.4 Percent

China's economy grew 7.4 percent in the first quarter of this year, the slowest rate in 18 months for the world's second biggest economy. The growth rate exceeded what economists were expecting, but was still down from the 7.7 percent growth rate in the last three months of 2013. Beijing set a modest target of 7.5 percent growth for 2014, as it transitions toward a more sustainable economy based on domestic consumption. Chinese leaders appear for the moment to be tolerating...

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