China's economic growth slowed in first half: Report
China's economic growth slowed in the first six months of this year but still expanded at a double-digit pace.
By Agencies |
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 Wednesday, quoting government economists.
The slowdown was in line with government's macro control policies and economy was still stable, Zhang Ping, minister of the National Development and Reform Commission, the top economic planning agency, was quoted as saying.
But 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 percent in the first half, the report said, quoting Zhang Liqun, a researcher at the State Council Development Research Centre.
Growth in the second quarter eased to 10.4 percent from the first quarter's 10.6 percent, according to Zhang.
China's economy grew by 11.9 percent in 2007. Official data on China's first-half economic performance is scheduled to be released Thursday morning.
The slowdown was in line with government's macro control policies and economy was still stable, Zhang Ping, minister of the National Development and Reform Commission, the top economic planning agency, was quoted as saying.
But 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 percent in the first half, the report said, quoting Zhang Liqun, a researcher at the State Council Development Research Centre.
Growth in the second quarter eased to 10.4 percent from the first quarter's 10.6 percent, according to Zhang.
China's economy grew by 11.9 percent in 2007. Official data on China's first-half economic performance is scheduled to be released Thursday morning.
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