The risk of overheating has caused more economies to conduct tighter policies such as adjustments to accommodative monetary policy, but as a whole the financial environment remains lax.
The Chinese economy, the most powerful engine of growth, continued to grow at a rapid pace and marked a double-digit real GDP growth rate of 10.3 percent on an annualized quarter-on-quarter basis for the April-June quarter of 2010, decelerating slightly from 11.9 percent in the previous quarter.