China sees economic growth slow

Beijing, China (AHN) – China’s economic growth slowed to 8.9 percent in the fourth quarter of 2011, according to the nation’s statistics bureau.

That was China’s slowest pace in more than two years.

It was down from 9.1 percent in the previous quarter.

The world’s second-largest economy grew by 9.2 percent during the entire year, down from 10.3 percent in 2010.

Forecasts by analysts call for China’s economy to slow further during 2012, in part because of monetary tightening by the government.

China has been one of the world’s fastest growing economies in recent years as its manufacturing and export bases grew, increasing jobs and incomes in the nation.

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