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9 growth expected to be new norm for China report

The Chinese economic growth is forecast to slow to 9.1 percent in 2011, from an estimate of 10.3 percent this year, and the 9 percent growth is expected to be a new norm for China in the post-crisis period, Bank of America Merrill Lynch said in a regional economic outlook report released on Tuesday. After fluctuations since late 2008, China's gross domestic product (GDP) growth has stabilized at about 9 percent in both year on year and sequential terms, in comparison with the average 11-perc ...

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