- China reportedly estimates that growth slowed for the third successive year in 2013, dropping to 7.6% from 7.7% in 2012 but coming in above the government's target of 7.5%.
- Economists estimate that China will expand 7.6% this year and 7.4% in 2014. The government is reportedly set to keep its growth target at 7.5% next year, the same as that for 2013.
- Challenges that China has identified include an uncertain global recovery, worsening pollution and social conflicts, and rising labor and environmental costs.
- In order to deal with the problems of a contracting labor force, China plans to raise the retirement age by five years over the next several years; at the moment, it's 60 for men and 55 for women.
- The Shanghai Composite is -1.6% in thin trading amid continuing concerns about conditions in the money markets, which had tightened sharply last week and early this week before easing.
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