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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 economists' expectations. But still, it was down from the 7.7 percent rate of growth in the last three months of 2013. Beijing has set a target growth rate of 7.5 percent in 2014 - a relatively modest goal. But for now, Chinese leaders appear to see this as tolerable, as they guide the economy toward a more sustainable...

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