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(Source: The Central People's Government of the People's Republic of China) Economic growth may be slowing, as recent data indicated, but fears of a hard landing are not justified as the slowdown was "within expectations" and will help recalibrate the economy, economists said. Analysts have cut predictions for GDP growth after the release of a series of economic indicators last week. These forecast declining growth even after a three-year low of 8.1 percent in the first quarter. "The situation is not good," said Wang Tao, chief China economist with UBS AG. The bank has lowered growth estimates for the second quarter to 8 percent, from 8.4 percent. According to the...