Chinese Puzzle

China’s hopes of avoiding overheating in its booming economy wavered. Consumer prices grew by 5% in the year to June, after increasing by 4.4% in May, but the country’s burgeoning rate of growth slowed. GDP in the second quarter grew by 9.6% over the year, down from 9.8% in the first quarter. Analysts had expected to see growth of up to 10.7%.

Comments are closed.