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Why is China economic growth slowing?

2016-01-20 1 Dailymotion

We've been hearing this week about how oversupply in the steel industry is costing jobs in the UK. <br />But it's also hitting workers in China, which released its latest economic numbers on Tuesday showing the economy grew by 6.9% in 2015, compared with 7.3% a year earlier. <br />The numbers mark the country's slowest growth in a quarter of a century. Beijing had set an official growth target of "about 7%" for the world's second-largest economy. <br />China's economy has been hit by shrinking foreign and domestic demand, weak investment, factory overcapacity and oversupply in the property market. <br />Stephen Evans reports on how the country's slowdown is being felt in the steel industry.

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