NEWSFEED - Ovetii observe China growth slows with tightening in store

PR Log (Press Release) – Dec 04, 2007 – According to the rumoured report by Ovetii of Greece, annual growth in gross domestic product eased to 11.5 percent in the third quarter, bang in line with forecasts, from a 12-year high of 11.9 percent in the April-June period, the National Bureau of Statistics said recently.

Ovetii analysts are said to be of the opinion that the outcome leaves China on course to grow this year at the fastest rate since 1993, when the economy expanded 13.1 percent, and brings it closer to overtaking Germany as the world's third-largest economy.

Ovetii analysts have apparently stated that industrialization, urbanization and China's global manufacturing power are the three engines that continue to drive very high growth.

The Shanghai stock market was down almost 4 percent recently, in part as investors priced in higher borrowing costs. The central bank has already raised interest rates five times this year.