Global downturn slows down China’s growth rate

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Major consumers of China's exports are exposed to economic problems due to debt crisis in the Eurozone and unemployment in US. China's exports are falling causing decrease in the country's growth pace. China's annual growth rate is likely to be about 8% in the next 10 years as compared to more than 10% in the previous years, said Li Yang, vice president of the Chinese Academy of Social Sciences.