Daily news and Commentary on the Chinese Real Estate sector
China's Q2 growth slows to 3-yr low of 7.6%
Jul 13, 2012
- China's economy reported 7.6 percent of growth in the second quarter, the lowest since the first quarter of 2009 when the global financial crisis was rampant, amid concerns about the slow-down of the second-largest in the world and the strongest one in the major economies.
- The National Bureau of Statistics said on Friday that in the first half, the country's economy grew by 7.8 percent to 22.71 trillion yuan ($3.56 trillion). The growth in the first quarter was 8.1 percent.