Global industries feel pinch of slower China growth

Though still strong compared to many other parts of the world, China's growth rate has slowed significantly since hitting a high of 14.2% in 2007, and industries worldwide are feeling the pinch. The government's efforts to transform the economy to one focused less on industry and more on consumer consumption is good news for some businesses, including Japan's Fast Retailing, which is speeding up expansion plans in China.

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