After Barreling Ahead in Recession, China Finally Slows | CHINA US Focus

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After Barreling Ahead in Recession, China Finally Slows

Keith Bradsher, New York Times
May 25, 2012
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A nationwide real estate downturn, stalling exports and declining consumer confidence have produced what a Chinese cabinet adviser, quoted on the official government Web site on Thursday, characterized as a “sharp slowdown in the economy.”
 
Though the Chinese economy continues to expand, construction workers are losing jobs in droves and retail sales grew last month at the slowest pace in more than three years. Investments in fixed assets have increased more slowly this year than in any year since 2001.
 
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