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China's economy grows slowly

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China's economy grows slowly now. In the second quarter the gross domestic product grew by 4.3 percent. Experts expected 4.5 percent. This is the lowest growth in 3 years.

The economy in China has two sides. Trading with other countries goes well. Sales to other countries grew by 27 percent. People want many cars and computers. This causes arguments with Europe.

The country has problems at home. People buy fewer things. Building of new houses drops a lot. Investments fell by 18 percent. The government wants to help the economy now.

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Definitions

Gross domestic product
The gross domestic product shows the value of all goods and services. It shows how rich or strong a country's economy is.
Foreign trade
Trading means that one country swaps or sells goods with other countries.
Investment
An investment means spending money for the future. For example for new machines or houses.
Quarter
A quarter is a time of 3 months in one year.

People

Li Qiang
Li Qiang is a very important leader in China. He is the Prime Minister.
Mao Shengyong
Mao Shengyong works for the government office for data in China.

Locations

China
China is a very large country in Asia with many people.
Beijing
Beijing is the capital city of China.

Sources

Logo 20 Min
20 Min

Chinas Wirtschaft wächst um 4,3 % – und verfehlt die Erwartungen

Read now
Logo FAZ
FAZ

Chinas wächst langsamer als erwartet: Niedrigstes BIP seit drei Jahren

Read now
Logo ORF
ORF

Chinas Wirtschaft wächst langsamer als erwartet

Read now
Logo Spiegel
Spiegel

China: Plus 4,3 Prozent - Wirtschaft wächst im zweiten Quartal schwächer als erwartet

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