China’s G.D.P. Growth Slows as Government Changes Gears | CHINA US Focus

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China’s G.D.P. Growth Slows as Government Changes Gears

Bettina Wassener and Chris Buckley, The New York Times
July 15, 2013
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HONG KONG — China’s new tough-love approach to overhauling its giant economy showed through in lackluster economic data released on Monday, underlining just how rapidly growth in the once-sizzling economy has cooled.

China’s economy grew 7.5 percent in the second quarter of this year, compared with the same period a year earlier, the National Bureau of Statistics reported. The figure was in line with economists’ expectations, but represented a progressive slowdown from 7.7 percent gross domestic product growth in the first quarter and 7.9 percent in the final three months of 2012.

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