Transcript: China's Economy Slows to 6.8 Percent Last Quarter RENEE MONTAGNE, host: Moving to China, Beijing today announced that its economy grew almost seven percent in the last quarter of 2008 and nine percent


NPR Morning Edition
01-22-2009
China's Economy Slows to 6.8 Percent Last Quarter RENEE MONTAGNE, host: Moving to China, Beijing today announced that its economy grew almost seven percent in the last quarter of 2008 and nine percent for the entire year. It sounds amazing, but in China, that's considered bad news. We called NPR's Louisa Lim in Shanghai to talk about why this is seen as such a problem. Good morning, Louisa. LOUISA LIM: Good morning, Renee. MONTAGNE: Why is this a problem? Here in the U.S., of course, we would be thrilled with the growth of even two or three percent. LIM: Yes. Nine-percent growth might sound like a lot, but let's put it in context. That's the slowest pace of ...

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