China's economy grows 9.9 per cent in Jan-Sep 2008: Govt
China's economic growth slowed to 9.9 per cent in the first three quarters of 2008, the government said on Monday, adding the global slowdown was starting to have an impact.
By Agencies |
BEIJING: China's economic growth slowed to 9.9 per cent in the first three quarters of 2008, the government said on Monday, adding the global slowdown was starting to have an impact.
"The growth rate of the world economy slowed down noticeably. There are more uncertain and volatile factors in the international economic climate," said Li Xiaochao, the bureau's spokesman, in a press release.
"All these factors have started to release their negative impact on China's economy."
The third quarter figure marked a weakening from 10.4 percent in the first half of 2008, and 12.2 percent in the first three quarters of 2007, according to earlier data published by the bureau.
"The growth rate of the world economy slowed down noticeably. There are more uncertain and volatile factors in the international economic climate," said Li Xiaochao, the bureau's spokesman, in a press release.
"All these factors have started to release their negative impact on China's economy."
The third quarter figure marked a weakening from 10.4 percent in the first half of 2008, and 12.2 percent in the first three quarters of 2007, according to earlier data published by the bureau.
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