China’s GDP slows in Q3

China’s economic growth slowed down in 3Q11 to 9.1 percent, down from 9.5 percent in 2Q11 and 9.7 percent in 1Q11, the national Bureau of Statistics of China announced Tuesday.


According to the statement fixed asset investments remained high for the first three quarters of the year with an increase of 24.9 percent. Investments in real estate were down 0.9 percent compared with the first half of 2011. A solid domestic investment offset the country’s export reduction, the bureau said.


The Chinese government said results were in line with plans to moderate growth to a more maintainable level after it rose to 10.3 percent last year.


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