China GDP slows to 9.1% in Q3

Chinese GDP has risen by 9.1% in the third quarter, its lowest quarterly figure for two years.

The figure follows a Q2 reading of 9.5% growth and represent the third consecutive quarter in which growth has slowed from its recent peak of 9.7% in Q4 2010. The growth rate was slightly lower than economists' expectations of a 9.2% rise and is in part due to China's ongoing tightening of monetary policy and attempts to ease foreign demand. Beijing has raised interest rates five times and banks' reserve requirements nine times this year as it attempts to combat an inflation rate that remained elevated at 6.1% in September.