Growth declines to 3-year low
By Chen Jia in Beijing, Chen Weihua in New York and Diao Ying in London | China Daily | Updated: 2012-07-14 07:59
Economy is stabilizing and will recover in second half, analysts say
The growth of China's economy fell in the second quarter to its slowest rate in more than three years, pushing the government to highlight "stabilizing growth" as a more important goal in the coming months.
"Both the monetary policy and fiscal policy still have space to be adjusted to support the economic rebound," said Sheng Laiyun, spokesman for the National Bureau of Statistics.
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