BHP Billiton, the world’s biggest resources company by market value, has promised more cost-cutting as it forecast a slowing in China’s annual economic growth rate. “China will aim for more moderated growth. And I think more moderated growth is around the 7 to 8 per cent mark over the next couple of years, trending down to 6 per cent,” Graham Kerr, BHP’s chief financial officer, told the Bloomberg Economic Australian Economic Summit in Sydney yesterday.
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