Asia Breaking News: China's G.D.P. Growth Glows as Government Ghanges Gears

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Asia Breaking News: China's G.D.P. Growth Glows as Government Ghanges Gears

by Wochit 0:48 mins

Asia Breaking News: China's G.D.P. Growth Glows as Government Ghanges Gears

by Wochit 0:48 mins

Analysts said China's notably slower growth in the second quarter of the year demonstrated Beijing's new commitment to overhauling the economy. Chinese police accused British drugmaker GlaxoSmithKline of channelling bribes to Chinese officials and doctors through travel agencies for six years to illegally boost sales and to raise the price of its medicines in the country. Stock index futures edged higher after data overseas suggested the slowdown in economic growth in China, the world's second-largest economy, was not greater as some had feared.

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