China's economy eases as exports slow
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China grew 11.4 percent in 2007, the fastest pace in 13 years, but is headed for a modest slowdown this year as global demand weakens and credit curbs to cap inflation ripple through the economy.
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JapanÂs economy grew at a slower pace than previously reported in the most recent quarter, a sign that a long expansion may be losing steam.
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WASHINGTON -- The economy grew at a sluggish 2.2 percent pace in the final quarter of last year, much slower than initially thought as businesses tightened their belts amid fallout from the troubled housing and automotive industries.
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BHP Billiton, the world&#39;s biggest mining company, said global growth and economic activity in China are slowing, partly as higher oil prices curb spending.
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China's economy, the world's second largest, is not as big as was thought, a report by the World Bank claims.
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China's sizzling economy is slowing but should still expand by 10.4 percent this year, the World Bank said Tuesday, as newly released statistics suggested measures to prevent runaway growth might be taking effect.
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China is expected to take more steps to slow its galloping economy, a key engine of global growth, after hiking borrowing costs in a bid to stop the boom giving way to a bust.
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The economy grew at a slower pace than previously thought during the second quarter, official data has shown.
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China&#39;s spending on construction and factory equipment edged lower in October, but there was no sign of a major cutback despite efforts to curb lending for such investments.
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Growth in China's industrial output slowed slightly in October, though export production remained strong, the government said Wednesday.
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YEARENDER-China Focus: Engine of Chinese economy pressurized by "growing pains" HANGZHOU, Dec.
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WORLD TRADE:As area companies reap the benefits of China&#39;s raging economy, its central bank carefully steps on the brakes. BY PETER S. GOODMAN.
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The U.S. trade gap narrowed in  December as the declining dollar gave exports a boost, while  first-time claims for jobless benefits fell to their lowest  level in more than 4 years last week.
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Chinese economic growth slowed a touch  in the third quarter but not by enough to dispel expectations  of more interest rate rises and other policy curbs to stave off  the risk of overheating.
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A think tank at People's University has forecast China's economic growth will slow to about 9.25 percent in 2007 and remain near that rate through 2010, the Beijing News reported on Sunday.
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Federal records suggest that China is not the only country that has problems with its exports.
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Annual economic growth in China has slowed for the third quarter in a row, falling to 9.1 per cent, third-quarter data shows. The slowdown shows the economy is responding to Beijing&#39;s efforts to rein in break-neck investment and lending.