Houston Community News >> Chinese Economy Slows But Still Maintain Double Digit Growth
7/17/2008 BEIJING-- China’s economic
juggernaut slowed but still maintained double-digit growth in the first
half of the year as it battled inflation and absorbed global setbacks,
official data showed Thursday.
The world’s fourth biggest economy expanded by 10.4% in the first half and 10.1% in the second quarter, the National Bureau of Statistics said, down from the sizzling pace of 11.9% recorded for all of 2007. Bureau spokesman Li Xiaochao said domestic inflation, problems with food supplies and global economic woes were among the chief concerns for China
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The world’s fourth biggest economy expanded by 10.4% in the first half and 10.1% in the second quarter, the National Bureau of Statistics said, down from the sizzling pace of 11.9% recorded for all of 2007. Bureau spokesman Li Xiaochao said domestic inflation, problems with food supplies and global economic woes were among the chief concerns for China
Click Here to Read More
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