Houston Community News >> Chinese Economy Slows But Still Maintain Double Digit Growth

7/17/2008 BEIJING-- China’s economic juggernaut slowed but still maintained double-digit growth in the first half of the year as it battled inflation and absorbed global setbacks, official data showed Thursday.

The world’s fourth biggest economy expanded by 10.4% in the first half and 10.1% in the second quarter, the National Bureau of Statistics said, down from the sizzling pace of 11.9% recorded for all of 2007. Bureau spokesman Li Xiaochao said domestic inflation, problems with food supplies and global economic woes were among the chief concerns for China
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