Survey: GDP growth slowed to 10.3% in Q2
15 July 2008
China's gross domestic product grew by 10.3% in the second quarter, slowing for the fourth straight three-month period, according to a survey of 18 economists conducted by Bloomberg News. The decrease has been attributed to slowing exports, which grew by 21.9% in the first half of 2008, down from 25.7% in the second half of 2007. Some respondents said the continued cooling of the economy could drive policy makers to make fighting inflation a lower priority and focus on maintaining strong growth. The polled economists projected inflation to have slowed to 7.3% in June from 7.7% in May.