摘要
1. Picking Up Steam The Chinese economy, which suffered a slowdown in the first three quarters, picked up steam thanks to pro-growth measures and policy loosening. Economic indicators in the fourth quarter showed that the country was on a modterate path of recovery.
1.Picking Up Steam The Chinese economy,which suffered a slowdown in the first three quarters,picked up steam thanks to pro-growth measures and policy loosening.Economic indicators in the fourth quarter showed that the country was on a moderate path of recovery.China’s economy grew 7.4 percent year on year in the third quarter of 2012,slower than the 7.6-percent growth in the second and the 8.1-percent growth in the first.Thirdquarter GDP growth marked the slowest quarterly growth in more than three years.China has rolled out an array of measures to buoy the slowing economy,including two cuts to its benchmark interest rate,an easing of reserve requirements by banks and the approval of infrastructure projects worth more than 1 trillion yuan.China’s consumer price index grew 2percent year on year in November,up 0.1percent from a 33-month low of 1.7 percent in October.
