China’s economy slid to its slowest growth in more than a decade last year, dragged down by global woes and a domestic campaign to deflate a property bubble.
But the country finished 2012 on a higher note with a rebound that analysts believe will filter into a stronger performance this year.
China’s gross domestic product expanded 7.8 per cent last year, the lowest since 1999. In the fourth quarter, growth was 7.9 per cent year-on-year, breaking a streak of seven consecutive weaker quarters.
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