How Should China Respond to the Slowdown?
China’s annual GDP growth slowed to 7.6% in the second quarter of 2012, down from 8.1% in the first quarter and the lowest rate since the second quarter of 2009. The data have dispelled fears of a hard landing for China, but now many argue that China must stimulate its economy further to guarantee 8% annual growth.
BEIJING – China’s annual GDP growth slowed to 7.6% in the second quarter of 2012, down from 8.1% in the first quarter and the lowest growth rate since the second quarter of 2009. The newly released growth data may have dispelled fears of a hard landing for China, but have nonetheless prompted many to argue that China must stimulate its economy further to guarantee 8% annual growth.