Slower Growth Raises Rebalancing Stakes

Weaker figures for mainland’s second-quarter gross domestic product highlight need for Beijing to shift towards domestic consumption.

Net exports were the big drag on second-quarter growth, shaving 1.4% points from gross domestic product from the same period last year, putting the economy back on the barely interrupted downward trend it has since early 2010.

~ SCMP, July 16, 2013 ~

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