Jul 21 2011
GDP Grows By 9.5% in Q2 2011
China’s Q2 Gross Domestic Product (GDP) declined to 9.5%, from the 9.7% expansion in Q1 2011, according to data from the National Bureau of Statistics of China. Global economic analysts had anticipated a growth rate of 9.3% following the Peoples Bank of China’s (PBoC) recent increase in interest rates and banks’ reserve requirements to ease inflation worries. The new growth figures suggest the PBoC may have more room for further tightening without stifling economic growth.