China’s economy grew at a slower pace to start the year than economists had expected, raising concerns about the speed of recovery in the world’s second-biggest economy.
Gross domestic product grew 7.7% over the previous year during the first quarter, the National Bureau of Statistics reported Monday. That’s slightly faster than the government’s target of 7.5%, but well below the 8% expected by economists. Fourth quarter 2012 growth was 7.9%.
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