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China s economy still on track despite Q2 growth slowdown

China s economy still on track despite Q2 growth slowdown

Write: Iagan [2011-05-20]
China s economy still on track despite Q2 growth slowdown
Economic data Thursday confirmed market expectations China s economic growth rate has slowed but officials said the country's economy is still on track.
The world s third largest economy expanded at a 10.3-percent year-on-year rate in the second quarter, slower than the 11.9-percent growth in the first quarter and the 10.7-percent growth in last quarter of 2009, the National Bureau of Statistics (NBS) said last Thursday.