China's economy slows moderately

China's economy slowed in the second quarter as the government steered monetary and fiscal policy back to normal after a record credit surge last year to counter the global crisis.
Special:June release of major economic data
GDP grows 11.1%; CPI rises 2.6%; PPI up 6% in H1
Investment in real estate up 38.1%; foreign trade
Fiscal revenue up 27.6%; FDI up 19.6% in H1
Housing prices rose 12.8 percent in April from a year earlier in China's 70 large and medium-sized cities, the National Bureau of Statistics said today. That was 1.1 percentage points higher than March's housing price rise.
China's consumer price index (CPI), a main gauge of inflation, increased by 2.6 percent in the first half of this year from a year earlier, the National Bureau of Statistics (NBS) announced Thursday.
China's urban fixed-asset investment increased by 25.6 percent year-on-year to 3.53 trillion yuan in the first three months, the National Bureau of Statistics (NBS) announced today.