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Oct 22, 2010

China’s Economy Growth Rate falls in Third Quarter

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The growth rate of China' economy fell to 9.6 per cent shows the third quarters results, which is almost 12 per cent down comparing previous growth rate figures.

The fastest growing economy in the world, China has been hit by high inflation.

The inflation in China touches to 23 month high. The hike in the interest rate in China certainly a big push to tame the inflation there.

The Gross Domestic Product( GDP) of China grew by around 10.6 per cent from January to September current fiscal.

For last three year the economy has been registering double digit growth rate, which is can be defined about the economy really having robust growth rate, experts believe.


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