China’s Q1 GDP Growth Slows to 7.7%

China’s economic recovery unexpectedly stumbled in the first three months of 2013 as the annual rate of growth eased back to 7.7 percent from the 7.9 percent pace set in the final quarter of last year, official data showed on Monday.

The growth rate, announced by the National Bureau of Statistics, was weaker than a Reuters poll consensus forecast for an 8.0 percent expansion.

Many investors had anticipated a possible surprise on the upside, with growth faster than the consensus, after a surge in liquidity in the economy during the first quarter and an uptick in export growth.


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