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Slowdown won't mean easing

(China Daily)

09:20, October 19, 2011

BEIJING - Although the Chinese economy is expanding at the slowest pace in two years, it's unclear if policymakers will ease their grip on credit to push the rate of growth back up, analysts said on Tuesday.

GDP expanded 9.1 percent year-on-year in the third quarter, less than the 9.3 percent that many economists had forecast and also below the second quarter's 9.5 percent growth rate.

Analysts said that further tightening measures would be unnecessary, given the unexpectedly slow pace of growth. At the same time, they said, consistently high inflation made a shift in monetary policy unlikely.

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