 China says its economy expanded at a slower than forecast 4.7% annual rate in the last quarter. The rate was sharply below the 5.3% annual pace of growth seen in the first quarter of the year. Economists say weak consumer demand and reduced government spending are dragging on growth. China's economy grew at a 5% pace in the first half of the year, matching the government's target of around 5%. Of course, what a Jeremy House. A Lebanese man accused of being a member of the Hezbollah terrorist group.