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.

Posted by Đinh Quang Huy on Thursday, October 21, 2010. Filed under , , . You can follow any responses to this entry through the RSS 2.0. Feel free to leave a response

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