China to keep grip on economy despite slowdown

From Financial Times today: “China’s economy, the chief source of new demand in world energy and metal markets, expanded by 9.1 per cent in the quarter to the end of September, marking the third consecutive quarter of slowing growth as Beijing reaffirmed its resolve to guard against any economic rebound.

……Beijing implemented a series of macro-economic controls in April aimed at taming excessive investment in some sectors, easing pressure on an overloaded transport and electricity network and restraining upward pressure on prices.

The consumer price index, the main indicator of inflationary pressures, rose 5.2 per cent in September from the same month a year earlier, down from a seven-year high of 5.3 per cent for the previous two months. ”

The full article is here.

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