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(From Asia Pulse)
BEIJING, June 15 Asia Pulse - China's macroeconomy can no longer be properly described as "overheating," as the country's economic growth peaks and gradually slows, according to a report from JP Morgan Chase.
"We'd rather use 'moderate' to describe the growing trend of China's macroeconomy," JP Morgan Chase economist Ben Simpfendorfer was quoted as saying by the Beijing-based First Finance Daily Tuesday.
A decline in the investment of fixed assets has been attributed to the moderate trend, said the newspaper.
The cement industry, for instance, has seen a reduced production capacity. Nearly 2,000 of the country's 5,700 …