China’s economy growth has slowed down in the second quarter, raising concerns about the unsustainable rate at which the economy is growing.

A report by the National Bureau of statistics revealed, Chinese GDP early in the year was a surging 11.9%, and the figure diminished slightly to 9.6% in the third quarter of this year. This is still a great indicator that the country is still doing quite well, a show of rapid growth in comparison to most western countries. The slack in pace though is a cause of concern for a few, who observe that consumer prices have risen from 3.5% to 3.6%. This may be due to the flooding, which occurred in the southern parts of the country. However, non-food inflation was at an all time low of 1.4%.

Senior economists in the country state that the country’s economy has become pretty stable, shaking off earlier concerns the economic boom was temporary. They state this is an advantage for those in the business of import or export of goods from China. The International Monetary fund has projected it to experience an astounding growth of 10.5% at the end of this year, which would outdo the global projected growth rate, which stands at 4.5%.

China however is not out of the limelight with U.S officials and congress advocating for it to appreciate the value of the Yuan, the Chinese currency, allowing it to freely trade with other currencies. This would enable other countries to compete fairly with Chinese exports.

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