Chinese Growth Slows But Still Robust
Beijing, China, Oct. 18, 2011 -- Economic growth in China eased in the latest quarter to 9.15% from the previous quarter's 9.5% and last year's 10.3%, even as the government is trying to prevent overheating to keep inflation under control.
A government spokesman said the latest data showed strong retail sales and factory production.
China is forecast to account for about a third of global growth this year but its consumption and investment are too small to offset lower U.S. and European demand. Its multibillion-dollar trade surplus also limits benefits for its trading partners.