China, Global Economy | featured news

China had tried to temper expansion and the price rises that accompany excessively rapid growth.

China's economy slowed in the second quarter as the government steered monetary and fiscal policy back to normal after a record credit surge last year to counter the global crisis.

The Dow industrials fell below 10,000 again after an index of China’s economy was revised downward.

A letter in advance of a G-20 meeting warned of economic relapse if stimulus programs are withdrawn, and hinted that China’s currency remains too weak.

The pace of China's factory output eased last month as gradual policy tightening took a toll on new orders, suggesting to some economists that Beijing will take its time before nudging interest rates higher.

Shares rose as Chinese officials said Europe would remain one of their most important markets for investment.

A raft of monthly economic data early next week could show that China's growth momentum is starting to peak, some economists say, as the impact of stimulus spending wears off and Beijing steps up its efforts to rein in property speculation and other excesses.

Would an increase in Chinese domestic demand meaningfully reduce global imbalances and improve U.S. and European employment prospects?

A slowdown, or worse, in China's economy because of bursting stock and real-estate bubbles was high on most Davos 2010 participants' check-lists of risks to the recovery in global economic growth. They may have got some reassurance today from China's central bank's decision to rein in the lending that is inflating them by raising its capital reserve ratio requirement of the country' big banks for the second time in a month.