27.03.2014 - China growth unsatisfactory, but it's early: CIC
A senior official in China's sovereign-wealth fund said the country's economic growth so far this year has been disappointing but it is too early to draw alarm. China's "first-quarter growth is not satisfactory but it is like a trial run--it does not represent the entire year," said Li Xiaopeng, head of China Investment Corp.'s supervisory board, at a Credit Suisse investment conference in Hong Kong. CIC's supervisory board is responsible for monitoring the behavior of the sovereign-wealth fund's directors and executives. "The very real growth takes place in [the second quarter], so don't worry," he said, noting the Lunar New Year holiday that traditionally skews China data in the first quarter.......................................Full Article: Source
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