BEIJING -- China's rapid growth continued to moderate in the second quarter as exporters felt the effects of the global economic slowdown. And with continued U.S. financial-market turmoil raising the prospect of an extended period of global weakness, there is now rising pressure for China's authorities to move to boost growth.
Gross domestic product for the quarter was 10.1% higher than in the same period of 2007, the National Bureau of Statistics said Thursday, slowing from the first quarter's 10.6% growth ... (A. Batson, Wall Street Journal, July 16, 2008). Read More
Thursday, July 17, 2008
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