Double dip recession unlikely in China as economic growth still steady

China's economic expansion slowed to 9.1 percent year-on-year in the third quarter of the year, the slowest pace in more than two years as euro zone debt crisis and a sluggish U.S. economy took a toll. Though the world's second largest economy has seen mild slowdown in its economic growth for three straight quarters so for, the strong economic drivers suggest china's economy will keep its stable and relatively fast growth and the likelihood of the economy plunging into recession is very small. Experts agree that it is not time to relax monetary policy in the short term as the country is still facing increasing uncertainties both at home and abroad.