China's Economy Slows Down
Oct 18th 2011 21:07
This journal entry is a simple translation of a today's news article.
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The Chinese government authority announced on Oct 10 that China's actual CDP increased by 9.1 % year on year in the third quarter. The growth percentage is lower than those in the first quarter (9.7％) and second quarter (9.5％). It has declined for the last three consecutive quarters.
The growth percentage is still at high rate, but compared to the figures in the middle of 2000s when the growth percentage had been double-digit, it has been losing the power gradually because of the tightened financial policies.
Most of the economist forecast that the economic growth in China continues to slow down for the time being, affected by the downturns in the United States and European countries. Additionally, it has a lot of unstable elements which can be obstacles for its economical growth including high prices of commodities.
-----
The Chinese government authority announced on Oct 10 that China's actual CDP increased by 9.1 % year on year in the third quarter. The growth percentage is lower than those in the first quarter (9.7％) and second quarter (9.5％). It has declined for the last three consecutive quarters.
The growth percentage is still at high rate, but compared to the figures in the middle of 2000s when the growth percentage had been double-digit, it has been losing the power gradually because of the tightened financial policies.
Most of the economist forecast that the economic growth in China continues to slow down for the time being, affected by the downturns in the United States and European countries. Additionally, it has a lot of unstable elements which can be obstacles for its economical growth including high prices of commodities.
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This journal entry is a simple translation of a news article from today.
The growth percentage is lower than the first quarter (9.7％) and second quarter (9.5％).
The growth percentage is still at a high rate, but compared to the figures in the middle of the 2000s, when the growth percentage had been double-digit, it has been losing momentum gradually because of the tightened financial policies.
Additionally, China has a lot of unstable elements, which can be obstacles for its economical growth, including the high price of commodities.