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China's Growth Slows To 7.6 Percent

An investor reacts in front of an electronic board showing graph of stock indexes at a brokerage house in Taiyuan, Shanxi province, in July.
China says its economic growth slowed to a new three-year low in the second quarter of 2012 as exports and consumer spending weakened.

Data published on July 13 showed the world's second-largest economy grew by 7.6 percent compared to the three months to June one year earlier, down from the previous quarter's 8.1 percent.

That was the lowest since the first quarter of 2009 at the peak of the global financial crisis.

Analysts expect growth to rebound in the second half of the year.

The government's full-year growth target is 7.5 percent.

Based on reporting by AP and AFP

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