China slows for good

Economists working for investment banks are more bashful than the International Monetary Fund (IMF). They forecast “only” 8.5% gross domestic product (GDP) growth for the Chinese economy in 2013. In its latest (semi-annual) World Economic Outlook, IMF projected GDP growth for China at 8.2% in 2012 (the same as what it forecast in September 2011) and at 8.8% in 2013.

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