China growth reduction jolts JSE-continued

March 5, 2012--South African stocks edged lower on Monday for a third consecutive session, led by resource stocks such as Gold Fields and Harmony Gold on the back of disappointing growth data from top commodity consumer China.
The Asian giant cut its 2012 growth target to an eight-year low of 7.5%, as Beijing looks to wean the economy off its reliance on external demand and foreign capital.

Source: FIN24

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