Money being taken out of wallet
Media playback is unsupported on your device
Video

China's growth rate slows to 10.3% as lending tightens

China's economy grew by 10.3% in the three months to June, down from 11.9% in the first quarter, but still well above the government's 8% target.

The slowdown comes as the impact fades of an unprecedented expansion in bank lending ordered by Beijing last year.

The government has also clamped down on property speculation and local government borrowing.

Chris Hogg reports from Shanghai.

  • 15 Jul 2010
Go to next video: Singapore economy reports runaway growth