Slow growth in Chinese economy

The pace of economic growth in the world's second largest economy has reached the lowest level in 18 months, according to new numbers.

Photo: Colourbox

China's economic growth dropped to the lowest level in 18 months in the 1st quarter of 2014, according to new numbers published on Wednesday showing the development of the world's second largest economy, reports news agency Reuters.

According to several analysts, the development of the Chinese economy is not expected to change significantly before the middle of the year, and the Chinese government has declined to perform further initiatives to boost the growth.

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