Slowing Exports Curb China Growth

Chinese economic growth slowed in the second quarter of 2008, constrained by slowing demand for exports, rising prices and the high cost of credit. The National Bureau of Statistics said the economy grew at an annual rate of 10.1% in the three months to June, down from 10.6% over the previous quarter.
If it keeps growing at a double-digit pace, then China may overtake Germany as the world's third-largest economy.
Beijing has been trying to curb rising food costs amid fears of social unrest.