Mid-Year China Check-In
Last year, 2011, was a noticeably slower growth year for China as the government implemented a host of restrictions on loan growth, real estate investment and more. These measures seemingly played a major contributing role in decelerating growth rates throughout the year.
The first quarter's 8.1% GDP growth isn't slow by most any measure, but it's slower than China's seen in recent years. The second quarter's 7.6% is similarly fast relative to the globe, but clearly not as hot as in prior years.
China's Year-Over-Year GDP Growth Rate
Also decelerating? Inflation, which slowed from over 6% year over year in mid-2011 to just 2.2% last month. This disinflation is one part of China's goldilocks scenario, giving room to boost lending without overheating the economy.
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