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Newly-released economic data confirmed market expectations that Chinas economic growth rate has slowed but officials said the countrys economy is still on track. Todd Heap Jerseys . Chinas economy expanded at a 10.3-percent rate in the second quarter, slower than both the 11.9-percent growth in the first quarter and the 10.7-percent growth in the fourth quarter of last year, the National Bureau of Statistics (NBS) said Thursday. The slowdown, which the government expected, will help accelerate the transformation of the economic growth pattern and prevent economic overheating, NBS spokesman Sheng Laiyun told a press conference. Although the pace of the second-quarter growth slowed, it was still strong growth, Sheng said. According to preliminary statistics, Chinas gross domestic product (GDP) hit 17.28 trillion yuan ($2.55 trillion) in the first six months of this year, up 11.1 percent from a year earlier. Related readings: Chinas economy slows moderately Chinas GDP grows 11.1% in H1 Chinas urban fixed asset investment up 25.9% in first 5 months Chinas industrial output grows 17.6% in H1 The growth rate was 3.7 percentage points higher than in the same period last year, when the countrys economy was still wrestling with the effects of the global financial crisis. Chinas economy generally performed well in the first half and has developed according to the governments macro regulation, Sheng said. The government has set an annual economic growth target of around 8 percent for 2010. Inflation eased in June. Chinas consumer price index (CPI) slowed to a 2.9 percent rise from 3.1 percent in May. The figure was below market estimates, which ranged from 3.1 percent to 3.5 percent. The Producer Price Index (PPI) grew 6.4 percent year-on-year in June, lower than Mays increase of 7.1 percent. Other data released Thursday also pointed to a slowdown, with growth rates for industrial production, consumption and investment all easing. Chinas industrial value-added output grew 13.7 percent in June, down from a 16.5-percent increase in May. Retail sales expanded 18.3 percent last month, slowing from Mays 18.7 percent. Urban fixed asset investment was up 25.5 percent in the first six months, after a 25.9-percent gain in the January-May period. Pro Bowl Baltimore Ravens Jersey The NHL was founded on November 26, 1917. Teams included the Montreal Canadians, Montreal Wanderers, Ottawa Senators, Toronto Arenas, and Quebec Bulldogs. Montreal Wanderers defenseman Dave Ritchie scored the first goal in NHL history Terrell Suggs Jerseys The biggest obstacle remains the proposed split of the league’s $9 billion-and-growing revenues between its teams and its players. According to the Associated Press, the owners’ newest proposal calls for a 48 percent split of total revenues, as opposed to the 60 percent of designated monies the players received in the last CBA. The cut may decrease in coming years, but will not dip below 46.5 percent. And even if it does decrease, the total revenue aspect will ensure the players of major salary increases. William Henderson Jersey The biggest obstacle remains the proposed split of the league’s $9 billion-and-growing revenues between its teams and its players. According to the Associated Press, the owners’ newest proposal calls for a 48 percent split of total revenues, as opposed to the 60 percent of designated monies the players received in the last CBA. The cut may decrease in coming years, but will not dip below 46.5 percent. And even if it does decrease, the total revenue aspect will ensure the players of major salary increases. Super Bowl Charles Woodson Jerseys Franchot’s study reveled that for every home game that the Washington Redskins or Baltimore Ravens miss, roughly $2 million in revenue would be lost. Sources of the tax revenue the state receives in relation to the NFL include income tax paid to the state by players and other team employees (mostly the Ravens), sales tax from stadium concession stands, merchandise sales, admissions and amusement tax. Clay Matthews Jerseys Mayors from Miami, Minneapolis, Kansas City and elected officials in San Diego have contacted the league about the losses they would incur from an extended lockout, says the story. A letter from Houston Mayor Annise Parker said “any decline in these revenues would hurt working families and the city as a whole, further compounding the difficulties we are facing due to the ongoing economic downturn.” SHANGHAI - Stocks on the Chinese mainland rose, driving the benchmark index up the most in two months. Jiangxi Copper Co advanced among metals producers after overseas shipments rose 38 percent from a year earlier. CITIC Securities Co climbed by the 10 percent daily limit on Monday. Anhui Expressway Co and Air China Ltd led gains by toll road operators and airlines. The Shanghai Composite Index gained 2.54 percent to 2899.13 at the 3 pm close on Monday, the steepest increase since Dec 13. The CSI 300 Index rose 3.15 percent to 3219.14. The Shanghai gauge has advanced 3.2 percent this year on signs the economy is withstanding curbs on lending and property purchases. The index plunged 14 percent in 2010. Related readings: Equities rise for third straight week in China Chinas stocks close higher Friday Chinas stocks close 1.6% higher Thursday Chinas stocks fall Wed after rate hike A measure of material producers on the CSI 300 advanced 3.9 percent on Monday. Jiangxi Copper added 5.72 percent to 41.01 yuan ($6.22). CITIC SSecurities surged the maximum 10 percent to 13. Phil Rizzuto Authentic Jersey. 3 yuan on Monday. Other brokerages also rose, helping drive an index tracking financial stocks on the CSI 300 up 4.1 percent. Haitong Securities Co climbed 9.39 percent to 10.37 yuan. China Merchants Securities Co jumped 10 percent to 20.15 yuan. Anhui Conch Cement Co led gains for cement makers after the Shanghai Securities News said domestic demand for the building material may increase this year. Anhui Conch jumped 8.24 percent to 33.77 yuan. Huaxin Cement Co surged the 10 percent daily limit to 36.33 yuan. Demand for cement may be close to 2.1 billion tons this year, up from 1.87 billion tons of output in 2010, the newspaper reported, citing Kong Xiangzhong, head of China Cement Association. Anhui Expressway surged 10 percent to 6.27 yuan on Monday. Shenzhen Expressway Co jumped the maximum 10 percent to 5.46 yuan. Air China climbed 3.92 percent to 12.20 yuan. China Southern Airlines Co advanced 3.93 percent to 8.99 yuan. Agricultural Bank of China Ltd added 2.68 percent to 2.68 yuan on Monday.