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China's economic growth slowed in first half
Wed, Jul 16, 2008
AFP

BEIJING - CHINA'S economic growth slowed in the first six months of this year but still expanded at a double-digit pace, state media reported, quoting government economists.

The slowdown was in line with government's macro control policies and economy was still stable, Mr Zhang Ping, minister of the National Development and Reform Commission, the top economic planning agency, was quoted as saying.

But Mr Zhang, speaking to the International Finance News, added that China was facing a complex economic environment and there was still strong upward pressure on inflation.

China's economy is forecast to have grown by 10.5 per cent in the first half, the report said on Wednesday, quoting Mr Zhang Liqun, a researcher at the State Council Development Research Centre.

Growth in the second quarter eased to 10.4 per cent from the first quarter's 10.6 per cent, according to Mr Zhang.

China's economy grew by 11.9 per cent in 2007.

Official data on China's first-half economic performance is scheduled to be released on Thursday morning. -- AFP

 

 
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