by Calculated Risk on 7/16/2008 11:13:00 PM

Form Bloomberg: China's Economic Growth Cools to Slowest Since 2005

China's economic expansion cooled to the slowest pace since 2005, handing more ammunition to Chinese officials calling for reduced gains by the yuan as the outlook for exports dims.

Gross domestic product grew 10.1 percent in the second quarter from a year earlier, down from 10.6 percent in the first ...

This isn't much of a slowdown, but growth in the Chinese economy will probably continue to slow in the 2nd half of 2008 as demand from the U.S. and Europe slows.