Slower growth in China not translating into hoped-for balanced economy

China's plans to raise domestic consumption were dealt a setback in the first half as growth in urban households' disposable income fell behind the economy's growth rate. Analysts say evidence suggests that the readjustment sought by Beijing's trading of slower growth for a more balanced economy has so far delivered only the slower growth. "Without breakthroughs in technology, the same inputs are producing smaller outputs," said Sheng Laiyun, a spokesman for the National Bureau of Statistics.

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