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Studio discussion: What does slowed GDP growth in Q2 sign for?

07-16-2010 08:57 BJT Special Report:China’s Economic Data of H1 in 2010 |

Introduction: The world's third largest economy expanded at a 10.3-percent year-on-year rate in the second quarter, slower than the 11.9-percent growth in the first quarter and the 10.7-percent growth in last quarter of 2009, the National Bureau of Statistics (NBS) said Thursday.

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For more on the economic data, joining us is professor Michael Pettis from Peking University. Hello professor.

Q1. China's GDP growth slowed in the second quarter. Is that necessarily a bad sign?

Q2. The Consumer Price Index and Producer Price Index were also down last month. To what extent do you think inflationary pressure has eased?

Q3. Do you think an interest rate hike is pending?

There are more experts' insight on slowed Q2 growth:

 What caused the Q2 growth to slow?

 Many agency reports now say the reason that China's economy slowed in the second quarter is because the impact of massive stimulus spending is fading and because of the government's clampdown on record bank lending. Do you agree with this view?

 

 What impact will the slowed growth bring?

 Do you think a slowdown will prompt the government to cut demand for iron ore, industrial components and other imports and will a slowdown hurt China's trading partners and possibly dent a global recovery?

 

Will Chinese economy grow at a slower pace in future?

Domestically, we have a bearish stock market, a heavily regulated housing market, and declines in investment. On the int'l stage, the world is still plagued by debt, and protectionism is rising. Do you think these factors will result in the Chinese economy growing at an even slower pace?

Editor:Xiong Qu |Source: CCTV.com

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