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"Chinese factories are filled with European equipment" (Photo: Daniel Foster)

China slowdown is bad news for Europe

China's economy so far this year grew slower than ever in the last three years, spelling bad news for its biggest trading partner, the European Union.

The second-biggest economy in the world grew by a mere 8.1 percent on a one-year-basis during the first quarter of 2012, the country's national statistics bureau announced on Friday (13 April), down from 8.9 percent during the last quarter of 2011 and "significantly lower than expected," Maarten-Jan Bakkum, emerging market analyst at ING,...

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"Chinese factories are filled with European equipment" (Photo: Daniel Foster)

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