China’s surging economy moderated to its slowest pace in more than two years in the third quarter, as it remains on track for a government-engineered “soft landing” that has unsettled global investors, reports the FT. China’s gross domestic product expanded 9.1 per cent in the third quarter from a year earlier, the slowest pace for the world’s second-largest economy since early 2009 and down from a 9.5 per cent increase in the second quarter. With economic prospects worsening in crisis-hit Europe and the US, China is increasingly seen as the main source of optimism in the global economy. Signs that China’s economy is slowing have hurt market sentiment among global investors.

This entry was posted by John McDermott on Tuesday, October 18th, 2011 at 22:06 and is featured in The Closer (18 Oct 2011) . Tagged with china. Edit this entry.