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BEIJING, January 20. /TASS/ China's GDP grew by 7.4% at the end of 2014, China's State Statistical Bureau announced on Tuesday.
China's Q4 GDP increased by 7.3% year on year. Thus, China has failed to meet the target set by its government for 2014. Many experts predicted that China's economic slowdown will lead to the fact that GDP growth will be less than 7.5%.