China: Caution advised after second-quarter slowdown
AsiaInt Weekly Alert, 23 July 2004
660 words
China's State Statistical Bureau recently announced that the economy grew 9.6% year-on-year in the second quarter, slower than the 9.8% rise in the January-March period, suggesting that various measures taken by the government to cool economic growth in the first half of the year have been successful. But Beijing's policymakers are keeping their guard up, especially as the true impact of these measures is still disguised by the low base for comparison last year when the Sars epidemic was having its greatest effect_
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