Monday 17 October 2011

CHINA'S ECONOMIC GROWTH SLOWED TO 9.1%


China is the world's second-largest economy.

China's red hot economic growth cooled slightly from July through September, but remains the desire of many western countries still struggling to recover from the global economic meltdown.

Growth of the world's second-largest economy in the three months ending in September was down from the previous quarter's 9.5 per cent and the lowest level in two years, data showed Tuesday. The government said that was in line with plans to steer growth that hit 10.3 per cent last year to a more sustainable level and cool politically dangerous inflation

China's gross domestic product grew at an annual pace of 9.1% during the third quarter, down from 9.5% growth in the second quarter and 9.7% growth in the first three months of the year.
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