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Mounted more than two years China's first interest rates this week a bid to curb rising inflation.

Third quarter, growth of GDP have disappeared in 9 6pc compared to the same period last year, according to National Bureau of Statistics China, a sensitive slowdown 11 9pc registered growth in the first quarter of 2010.

Analysts were largely positive data, assess that risk in the short term a slowdown in demand from China has been offset by long-term need to address to the rising inflation and on the Chinese stock market and property asset-price bubbles.

"Chinese makers are likely to feel very satisfied with the way data play," said Brian Jackson, a strategist at emerging markets with the Royal Bank of Canada, Hong Kong, "policy implemented earlier this year seem to have helped guide the Chinese economy through a middle course between the overheating and a severe recession."

Beijing sent fears's stock markets this week when it announced its first climb rate of interest for more than two years in a further bid to curb inflation which came in at 3 for the third quarter, much higher than the official goal of 3pc 6pc.

Recent inflation rises have been hunted by a shortage of some products food key, which represent one-third of Chinese and pink 8pc consumer price index each year in September, supplies in the coming months should however fresh to alleviate the pressures.

Surprise interest rate move is a reflection of the underlying strength of the economy of China and Beijing trust said analysts who ran the heads policies to engineer a relatively soft landing after massive China stimulus injection.

The trajectory of moderate slowdown is reflected in industrial production - data key indicator of dynamic growth - which has slowed stronger than expected increased by 13.3% over the year, raising the prospect of a small Chinese demand for developed economies.

"Short-term downturn means China will be less demand for the goods from the rest of the world," said Alistair Thornton, China analyst for IHS Global Insight. "But long term slowdown would be an advantage for the world economy because the Chinese economy cannot continue at such high pace and unbalanced manner.?

The strength of the economy may also give China more room to accommodate requests from Europe and United States allowing its currency, the yuan, to further strengthen against the dollar.

The question of the currency is expected near the top of the agenda of a meeting of Finance Ministers of the g-20 in Korea in weekend as pressure increases to United States where pressure groups accuse China of sous-valoriser currency of up to 40% and cost millions of American jobs.

The yuan has increased by 2 just 6pc since June after Beijing put discarded his ankle with the dollar, a move that at the United States said is insuffisant.Toutefois, some analysts said the latest data suggest that the Chinese economy could now support faster appreciation.

The World Bank expects now China GDP grow to 9 5pc by 2010, more than the official objective 8pc, but in the maintenance of a trend in the long run slower growth in China in the coming years.

This week, China's leaders gathered to discuss a new five-year economic 2011-2015 plan, aimed at creating more sustainable, to increase the share of wages and diffusion of inward investment in traditional coastal manufacturing centres, with consensus showing growth forecasts growth slowed to an average of about 7 5pc.

"They feel that they do not need these two-digit growth rates" added Alistair Thornton of IHS Global Insight, "It could be that we see two digit growth ever in China last year."

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