Tuesday, July 20, 2010

Credit curbs implemented in China in late 2009 directed at property sector: fatal blow to petrochemical sector

June-quarter GDP grew 10.3% y-o-y, according to the National Statistics Board, a 1.6 percentage point decline from an 11.9% growth recorded in the first quarter. After showing robust growth in the firrst quarter, China’s economy has started to cool in the second quarter.

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