Hey,this is Annie,a employee of ZONEDING Machine. Every afternoon at seven o 'clock,I will sit in front of TV to watch News broadcast.From the TV,I get that china’s economic growth slows amid monetary tightening.

China's economic growth has slowed further in the second quarter after the government stepped up its battle against inflation. Growth was 9.5% in the three months to the end of June compared with a year earlier. That is down from 9.7% in the previous quarter. China says controlling prices is its top priority after inflation hit a three-year high in June. However, other data on Wednesday showed it may be tough to slow growth further. China's factory output grew by a better-than-expected 15% in June, while retail sales surged by 17.7%. Analysts say further tightening measures are likely before the year is over.

Monetary measures

China has already raised interest rates three times this year, with the most recent increase coming last week. In order to solve inflation, growth will have to slow down” "With inflation hitting a new three-year high in June, further monetary measures look likely," said George Worthington, an economist at IFR in Sydney. He added that the current central bank interest rate of 6.56% could rise another 50 basis points by the end of September.

Stability

Despite the slowdown, China's growth rate remains one of the quickest in Asia, and the country is cementing its position as the world's second-biggest economy. However, strong domestic demand and global problems with food production have led to an increase in the cost of food and other essential commodities, such as fuel. The surging cost of food and fuel has become a threat to China's economic growth This, in turn, has led to the occasional outbreak of unrest, something that the government is keen to control and limit.

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