Chinese Q4 GDP will be 8.9%
China's economic growth is expected to slow down in the fourth quarter of 2004 as government's macro-economic measures ease investment. GDP (Gross Domestic Product) will probably rise by 8.9% from a year earlier in the fourth quarter after rising 9.1% in the third quarter. China is restricting investments in industries such as real estate, steel and aluminum to reduce the shortages of raw material and energy. However, despite the slowdown in investments economic growth is still strong as a result of solid consumer spending and exports.