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Published on Sunday, March 4, 2012

Asia Daily Flash: 5 March 2012

Markets were sharply lower in Asia today. The financial media attributed the declines to news from the first day of China’s National People’s Congress (NPC) that the authorities have lowered the official GDP target for 2012 to 7.5% from 8.0% in previous years (see below). However, the growth target was in line with expectations.

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