China's economic expansion slows sharply

Newspaper (reporter Wang Dani correspondent Guo Qi) yesterday, HSBC issued a global emerging market economy Research report. The report shows that although most emerging market economic activity has been in a buoyant state since the first half of 2009, the road to recovery has not been smooth.　　The fall in the HSBC Emerging Market Index (EMI) in the second quarter of 2010 suggests that many emerging markets have slowed their pace of economic expansion. King, chief economist at HSBC Group, said: China and Brazil are the most visible signs of slowdown in the markets. In the past few months, it seems no coincidence that the two countries have taken steps to curb the overheating of the economy by worrying about excessive economic expansion. By contrast, the economies of India and Russia continue to accelerate their expansion.