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GDP sees biggest drop in 27 years

GDP sees biggest drop in 27 years

The economy shrank at its fastest pace in nearly 27 years in the fourth quarter, government data showed on Friday, sinking deeper into recession as consumers and business cut spending.

 

China GDP Grows 6.8%, Slowing Sharply

China's government said the economy expanded 6.8% from a year earlier, confirming a dramatic downturn that has cut growth rates nearly in half in just a single year.

 

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