【英语中国】中国二季度经济增速放缓

China's economic growth slowed in the second quarter of 2010, official figures issued Thursday show, as stimulus spending continued to gradually wind down and controls on bank lending and property speculation began to be felt in the broader economy.

China's gross domestic product, the value of all goods and services produced in the country, rose 10.3% from a year earlier in the second quarter, compared with the 11.9% growth of the first quarter, China's National Bureau of Statistics said Thursday.

The extent of the slowdown was roughly in line with market expectations, which had centered on a 10.5% increase in the second quarter's GDP.

China's economic performance is increasingly closely watched around the world amid signs that waning recoveries in the U.S. and Europe may be undermining global growth.

With China clamping down on property speculation even as other major economies struggle to sustain growth, many investors are worried about the risk of a sharper slowdown in the months to come.

China's exports may soon show more impact from the euro-zone's debt crisis, and most analysts think the government's restrictions on home buying will lead to a further slowdown in construction.

But the relatively strong second-quarter figures point to the solid momentum China's economy has going into the second half of the year.

Inflationary pressures seemed to ease in June, with the rise in China's consumer price index slowing to a 2.9% rise in June from 3.1% in May, and coming in below forecasts of a 3.3% rise.

Although the government has said it is concerned about expectations of higher inflation getting entrenched, economists generally expect inflation to decline in the months ahead. Prices of vegetables and other food items, which are key components of the CPI basket, have fallen recently.

China's producer-price index rose 6.4% in June from a year earlier, the data showed, lower than the survey's forecast of a 6.8% increase and May's 7.1% rise.

Other data published Thursday were consistent with a general slowdown in economic activity, with growth in manufacturing and capital spending both easing.

Industrial production was up 13.7% in June from a year earlier, compared to economist expectations for a 14.9% rise and down from May's 16.5% increase.

Fixed-asset investment in urban areas, China's benchmark measure of capital expenditure, rose 25.5% in January-June period, down from 25.9% growth in the January-May period. Economists had expected a 25.2% rise.

The China Securities Journal, a state-run paper, warned in an editorial on Thursday that growth in the second half may slow more than expected, and said China should refrain from further tightening its monetary and fiscal policies in the second half.

周四公布的官方数据显示，中国2010年第二季度的经济增长速度放缓，原因是经济刺激支出继续逐渐减少，而政府对银行贷款和房地产投机行为的调控则开始对整体经济产生影响。

中国国家统计局周四宣布，中国第二季度的国内生产总值(GDP)较上年同期增长10.3%，低于第一季度11.9%的增长速度。

GDP增长率的放缓幅度大体符合市场预期，此前市场对第二季度GDP增长率的预测中值是10.5%。

由于有迹象显示美国和欧洲经济复苏力度的不断减弱可能正在损害全球经济增长，因此中国的经济增长情况日益受到世界各国的密切关注。

在世界其他主要经济体勉力维持经济增长之际，中国却在打压房地产投机行为，许多投资者因此担心世界经济增长速度未来几个月可能出现更急剧的放缓。

欧元区的债务危机或许不久后就会对中国出口产生更明显的影响，多数分析师认为，中国政府对购房的限制将导致建筑业活动的进一步放缓。

但中国相对强劲的第二季度经济数据也显示，中国经济在迈入下半年之际仍然有着坚实的增长动力。

通货膨胀压力在6月份似乎出现了缓和，当月的消费者价格指数(CPI)涨幅为2.9%，低于5月份的3.1%，也低于市场预测的3.3%。

虽然中国政府说，它担心市场的通货膨胀预期会稳固提高，但经济学家们普遍预计，通货膨胀率未来几个月将出现下降。蔬菜和其他食品的价格近期已经下降，这些消费品在消费者价格指数中占有重要权重。

官方数据显示，中国6月份的生产者价格指数(PPI)较上年同期上涨6.4%，增幅低于市场预测的6.8%，也低于5月份的7.1%。

周四公布的其他数据也符合经济活动总体呈现的放缓之势，制造业和资本支出增幅双双下降。

6月份的工业增加值较上年同期增长13.7%，低于经济学家们预计的14.9%，也低于5月份的16.5%。

中国衡量资本支出的基准指标城镇固定资产投资今年1-6月较上年同期增长25.5%，低于1-5月25.9%的增幅。经济学家们此前预计中国1-6月的城镇固定资产投资增幅为25.2%。

官方报纸《中国证券报》周四在社论中警告说，中国下半年经济增速的放缓程度会更加大于预期，下半年中国不应该进一步收紧货币和财政政策。