China's GDP growth slows to 10.3% in Q2

China's GDP growth rate slowed to 10.3% in the second quarter, down from 11.9% the previous quarter, as the Government made efforts to cool the overheating economy.

Figures from the National Bureau of Statistics show that growth for the first half of the year was 11.1%, well above the Government's 8% growth target for the whole year. Sheng Laiyun, a spokesman for the Bureau, says the pattern of economic growth is as expected. "In the first half of 2010, all regions and departments effectively implemented the policies on dealing with the international financial crisis, and proactively pushed forward the transformation of economic development mode. "As a result, the national economy showed good momentum of development, and kept moving towards the e...