Friday September 18, 2020

China puts the brakes on red-hot economic growth

Analysts have warned of the risks of rapid inflation and a looming debt crisis within Asia’s economic powerhouse, writes Máirtin O’Riada in Beijing

17th July, 2010
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Government leaders usually like to take credit for speeding up economic growth, while few would pride themselves on slowing it down.

Yet the latter was precisely the reaction of China’s government last Thursday, when new data was released that showed a significant drop in economic growth over the last three months.

According to the National Bureau of Statistics, China’s economic expansion slowed substantially in the second quarter of the year, slipping to a...

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