Explain how Chinas real GDP can grow at a 6.9 percent rate when consumption and investment grew
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Explain how China’s real GDP can grow at a 6.9 percent rate when consumption and investment grew faster than 6.9 percent.
China’s real GDP increased 6.9 percent in the first quarter of 2017 from a year earlier. Investment grew by 9.2 percent and retail sales by 10.9 percent. In current prices, GDP increased by 11.8 percent from a year earlier.
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