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February 6, 2013
08:04 EDTETNEaton CEO disputes China's economic growth rate for 2012, Bloomberg reports
Eaton Corp. (ETN) CEO Sandy Cutler says that China’s official 7.8% economic growth for 2012 may have overstated expansion by twice the real rate, and is only now headed for a “legitimate” 8% gain, reports Bloomberg. He noted that based on indicators such as consumer consumption and electric power usage, China’s gross domestic product probably grew 3% to 4% last year.Reference Link
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