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Back in January this year, economists debated whether China's economy was becoming over-heated. But six months later, worries about too much growth have all but dissipated. Instead, the latest flurry of economic data suggests the world's second-largest economy is putting its foot on the brakes. Yin Hang breaks down the numbers.
Many financial institutions have given various predictions on the Chinese economy, but one conclusion remains the same...China's economic growth is pacing down.
Goldman Sachs has downgraded its forecast on China's economic growth to 9.4 percent, from 10 percent. And Credit Suisse says China's economy will grow at a rate of 8.8 percent this year.
"Judging by the situation right now, I believe China's economic growth is slowing down. But the deceleration is not rapid in speed. Demand growth is also easing as well."
The economic slowdown has spurred new concerns: the hard landing of the economy.
"Whether China can keep inflation under control...this problem has attracted attention from both inside and outside China. The thing is, using only monetary tools to tame prices will be quite hard. So you need to use other measures to curb inflation. During that process, we might see the property bubble burst, causing a further economic downturn."
China's Consumer Price Index in June reached a three-year-high, accelerating by 6.4 percent.
The high inflation was partly caused by measures adopted by China in 2009, in order to ward off the impact of the global financial crisis.
"Bubbles have been created during the process of China's economic growth. So China is now using macro-control measures to deal with that."
Investments in the property sector increased by more than 18.5 percent in June, compared with the same period last year.
Experts believe inflation will remain under control for the rest of the year, and the rapid growth of investment in the real estate sector shows a hard-landing for China's economy can still be avoided.