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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Latest News October 2012: China's economy seems to be at its lowest pace during the third quarter of 2012. The Gross Domestic Product from Beijing has indicated that China s days of double-digit economic expansion have halted. Basically, the economy expanded by 7.4% in the third quarter of 2012, compared to 2011. What has caused that? According to researchers, it is the weak global environment which is largely responsible for China's slowed-down economy. In addition to this, official reports have also registered that China is undergoing the inflation phase where property prices have also been soared since 2010. As a matter of fact, the Chinese export sector was found to have diminished in growth!