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Chongqing ends 2017 with slower growth

The economy of Southwest China's Chongqing municipality expanded by 9.3 percent year-on-year in 2017, ending a 15-year streak of double-digit growth, the municipal statistics bureau said. Despite the slowdown, Chongqing outpaced the 6.9 percent national GDP growth last year. The municipality also boasted the country's fastest economic growth from 2014 to 2016. Yi Xiaoguang, director of the Chongqing Institute of Comprehensive Economic Research, attributed the slowdown to slackening growth in the city's pillar industries of auto and equipment manufacturing, and the downturn of the energy industry.

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