A Chinese worker checks coiled steel rods at a steel plant of Dongbei Special Steel Group Co., Ltd. in Dalian city, northeast Chinas Liaoning province, 18 October 2012. Chinas economy grew 7.4% in the third quarter compared to the previous year, the National Bureau of Statistics said Thursday (18 October 2012), marking a deceleration from an 7.6% growth rate in the prior quarter. The recent slowdown can be blamed on a variety of factors. Chinas government was aiming for a slight deceleration, as it tried to tame its real estate boom and rapid inflation.
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