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Tue 10 Oct 2008China acts to boost property sector as figures show sharp drop in growth
CHINA YESTERDAY announced steps to boost its property market and help exporters after new data showed a sharper than expected decline in its growth rate, as the impact of the global financial crisis began to take hold.
After five years of double-digit expansion, figures for the third quarter showed the annual growth rate falling to 9 per cent - well below most pessimistic forecasts.
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