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China’s Economy Likely to Bottom Out This Quarter, Adviser Says

China’s economy will bottom out this quarter and rebound in the following three months as government measures to stabilize a slowdown take effect, according to an academic adviser to the central bank.

“The second quarter should be the lowest point” this year, Chen Yulu said in an interview at a forum in Beijing yesterday. Full-year growth “should be able to hold up above 8 percent,” he said.