China's economy to slow significantly, say observers

Aug 1, 2010

The country's output may decrease to as low as 7.5% in the first quarter next year, but this is a more sustainable level of growth, say China observers.

China's economic growth will slow significantly in the second half of 2010 and the downturn will continue in the first quarter next year during which gross domestic product (GDP) growth may decrease to as low as 7.5%, said analysts at Neuberger Berman at a press briefing in Hong Kong on Friday.

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