China's economy to slow significantly, say observers

China's economic growth will slow significantly in the second half of 2010 and the downturn will continue in the first quarter next year during which gross domestic product (GDP) growth may decrease to as low as 7.5%, said analysts at Neuberger Berman at a press briefing in Hong Kong on Friday. "China's economy started to decline in the second quarter and, while the overall growth will reach 8% or 9% this year, we expect to see the lowest number in terms of GDP growth in the first qua…