Bank of Finland forecasts China’s economy to slow
China's economic growth slowed slightly in 2011 but remains robust due to tighter monetary policy, said the Bank of Finland Institute for Economies in Transition (Bofit), in a report published on Thursday.
The report said in 2010, China's GDP grew by 10.4%, but that this year the growth rate had eased somewhat, with the economy expanding by 9%.
The report said the slowdown in economic growth thus far has been in line with expectations as the pick-up in inflation has forced China to tighten its
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