The Chinese government has been trying to hit the brakes on the nation blistering growth this year, attempting to make it more manageable and consistent as the country top leadership prepares for a reshuffle.
and has lowered Air Max Premium Tape banks reserve requirements thrice since the fall.
economy grew less at a 2% annual rate during the same period. But during the previous quarter, China gross domestic product increased at an annual rate of 8.1%. A year ago, it was growing at a 9.5% rate.
The long held truism of cheap Chinese labor may be losing ground: Urban household income is up 13.3% in part reflecting higher wages that may be pushing some international companies to relocate outside China.
policy presetting and fine tuning. housing prices are tumbling and home sales are surging. The manufacturing sector is getting weaker, but both imports and exports are on the upswing.
China posts slowest growth in three years
Wall Street, however, celebrated the figures, which by falling below the psychologically significant 8% benchmark will probably force Beijing to take more dramatic steps. The Dow was up 170 points, or 1.36%, to 12,744 in midday trading in New York.
Even the statistics bureau on Friday acknowledged the Nike Air Max 95 Outlet Online Store
and volatile economic environment at home and abroad, saying that the government had more attention to maintaining steady growth and made great efforts in Nike Air Max 95 Reflective Ebay
The country has enjoyed roughly double digit growth every year since the 1990s.
The implications for other major economies aren't pretty.
There has been some stimulus, too. The People Bank of China has cut interest rates twice since June to boost investment Nike Air Max 2011 Mens
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