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Some analysts have suggested economic activity is weaker than reported by Beijing because export data might be distorted due to companies reporting inflated prices in an effort to evade capital controls and bring money into China. Also Thursday, Capital Economics said its own activity indicator showed economic growth weakened in April after a brief upturn in March. Growth in trade through Chinese ports is stable but railway freight has slowed and construction activity appears to be weakening, said economists Mark Williams and Qinwei Wang in a report. "The weakness was broad-based," the report wrote. "Our figures suggest that the economy is growing one to two percentage points slower than the official GDP data show."
[Associated
Press;
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