- WND - http://www.wnd.com -
China: Slowest economic growth in more than 2 years
Posted By -NO AUTHOR- On 01/17/2012 @ 11:06 am In Money,World | No Comments
In the final quarter of 2011, China’s economy grew at its slowest pace in 2½ years because of shrinking exports, tighter bank lending and a cooling real estate market.
Compared with the same period a year earlier, the country’s gross domestic product grew by 8.9% in the fourth quarter of 2011, down from 9.1% in the previous quarter, China’s National Bureau of Statistics said Tuesday.
For the year, the world’s second-largest economy expanded by 9.2%, off from 10.4% in 2010.
Article printed from WND: http://www.wnd.com
URL to article: http://www.wnd.com/2012/01/china-slowest-economic-growth-in-more-than-2-years/
© Copyright 1997-2013. All Rights Reserved. WND.com.