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China’s economy stumbles in May, growth seen sliding in Q2
Posted By kurtnimmoadmin On June 10, 2013 @ 2:58 pm In Economic Crisis | Comments Disabled
Langi Chiang and Jonathan Standing
June 10, 2013
Risks are rising that China’s economic growth will slide further in the second quarter after weekend data showed unexpected weakness in May trade and domestic activity struggling to pick up.
Evidence has mounted in recent weeks that China’s economic growth is fast losing momentum but Premier Li Keqiang tried to strike a reassuring note, saying the economy was generally stable and that growth was within a “relatively high and reasonable range”.
China’s economy grew at its slowest pace for 13 years in 2012 and so far this year economic data has surprifrom some analysts that the country could miss its growth target of 7.5 percent for this year.
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