China s growth slows to 8.1pc
China's growth slows to 8.1pc

China's economic growth fell to its lowest level in nearly three years in the first quarter of 2012 amid weak trade and lending controls.

The government reported the world's second-largest economy grew by 8.1 per cent in the three months ending in March, its weakest expansion since the second quarter of 2009.

China's growth has slowed steadily since mid-2010 as global demand for its exports weakened and the Beijing government tightened lending and investment curbs to cool an overheated economy and politically dangerous inflation.

More to come…

The West Australian

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