Tuesday, November 30, 2010

China's rapid economic growth slows in third quarter



China says its economy has maintained robust growth in the third quarter of 2010, but at a slightly lower rate.

Official figures show a drop from just over 10% growth to 9.6%.

This leaves China still far ahead of any major economy, but experts fear the slowdown will reduce the contribution China can make to a global recovery.

The Chinese government has recently taken measures to cool a credit boom in order to achieve more sustainable growth levels.

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