By  on October 18, 2012

SHANGHAI China, the world’s second largest economy, saw its third-quarter gross domestic profit grow 7.4 percent — its slowest expansion rate in more than three years.

The data indicates that China's economic momentum is waning but it might also be bottoming out. China’s economy grew 7.6 percent in the second quarter and 8.1 percent in the first quarter of 2012. The National Bureau of Statistics released the July to September figures on Thursday.

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