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China growth at lowest since 2009

China’s GDP grew by 7 per cent between January and March, its slowest pace since the financial crisis in 2009.

The BBC reports the rate fell from 7.3 per cent for the previous three months.

Last year China missed its annual growth of 7.5 per cent for the first time in 15 years, with growth of 7.4 per cent.

Separate data on industrial production shows a monthly fall of 5.9 per cent in March, down from forecasts of an expansion of 6.9 per cent.

The People’s Bank of China has cut interest rates twice since November.

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