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Dwindling orders from Europe and other trade partners have sapped China's exports and, combined with a cooling property sector, slowed the country's economic growth rate to 7.6 percent in the second quarter, the lowest level since the first quarter of 2009.
Local governments have seen revenues from land sales tumble due to government policies to curb the sector, and banks, one of the major financing sources for local governments, remain laden with bad loans leftover from previous stimulus plans, making credit ever harder to obtain.
Secondly, for those projects planned and financed by local government, the timetable and method of when and how they are taken to local public bidding and tender markets will be determined by local governments.
Di Rupo, for his part, said China is a key partner for Belgium and his country admires China's achievements and values China's international status and influence.
In the city of Dezhou, heavy rains have affected more than 1.23 million residents and caused direct economic losses of 650 million yuan (102 million U.S. dollars), the civil affairs department of Dezhou said.
来源：资阳报