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Version 1 |
| Chinese growth 'set to stabilise' |
Chinese growth 'set to stabilise' |
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(10 minutes later)
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| The Chinese economy is set to stabilise, according to official figures, after seeing a fall in growth in the first half of the year. | The Chinese economy is set to stabilise, according to official figures, after seeing a fall in growth in the first half of the year. |
| The economy is expected to grow 10.2%, on an annual basis, in the third quarter, up from 10.1% in the second. | The economy is expected to grow 10.2%, on an annual basis, in the third quarter, up from 10.1% in the second. |
| Growth has slowed this year - down from 11.9% in 2007 - on the back of sagging global demand and government measures to rein in excessive credit. | Growth has slowed this year - down from 11.9% in 2007 - on the back of sagging global demand and government measures to rein in excessive credit. |
| The economy has also faced rising inflation driven by higher food prices. | The economy has also faced rising inflation driven by higher food prices. |
| Twin focus | Twin focus |
| According to a report by the State Information Centre, printed in the China Securities Journal, inflation is now slowing. | According to a report by the State Information Centre, printed in the China Securities Journal, inflation is now slowing. |
| The government agency expects consumer price inflation of 6.6% in the third quarter, down from an average of more than 7% so far this year. | The government agency expects consumer price inflation of 6.6% in the third quarter, down from an average of more than 7% so far this year. |
| The economy will fall short of the explosive growth rates of recent years in 2008 although it is still expected to expand by more than 10%. | The economy will fall short of the explosive growth rates of recent years in 2008 although it is still expected to expand by more than 10%. |
| However, this would be much lower than last year's 11.9% figure. | However, this would be much lower than last year's 11.9% figure. |
| The economy grew by 10.6% in the first quarter. | The economy grew by 10.6% in the first quarter. |
| The Chinese authorities have said its efforts to keep inflation in check would not come at the expense of growth. | The Chinese authorities have said its efforts to keep inflation in check would not come at the expense of growth. |
| President Hu Jintao said last week that the government would focus on both objectives simultaneously. | President Hu Jintao said last week that the government would focus on both objectives simultaneously. |
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| Are you in China? What are your experiences of economic growth in China? Send us your comments using the form below. |
