Slow growth in China may have knock-on global effect

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The Independent Online

China's rapid growth slowed in the latest quarter as Beijing steered its expansion to more sustainable levels, possibly cutting its contribution to a global recovery.

The world's second-largest economy grew by 9.6 per cent between July and September, less than the previous quarter's 10.3 per cent but still by far the highest of any major economy. The decline could dent a global recovery as China's appetite for imports such as iron ore weakens, hurt economies looking to a relatively robust China to power exports.