哪位高手给翻译一下啊：
After rapid economic growth for a number of years it slowed in the latest quarter as Beijing steered its expansion to a more sustainable level.
China, which boasts the world's second-largest economy , grew 9.6 per cent in the July-September quarter over a year earlier, official figures showed today - down from the previous quarter's 10.3 per cent but still by far the highest of any major economy.
After rapid growth for a number of years China's economy slowed in the latest quarter as Beijing steered its expansion to a more sustainable level
The decline might dent a global recovery as China's appetite for iron ore, factory machinery and other imports weakens, affecting the U.S., Australia, Europe and other economies that are looking to relatively robust China to power exports.
But Norbert Walter, former chief economist of the Deutsche Bank Group, said: 'In the next five years, China's economic growth rate is not likely to reach 10 per cent or exceed that figure.
'For China, an average annual growth rate of about 8 per cent is more realistic.'
China's economic expansion in the past 25 years has been accompanied by over-consumption of the country's natural resources, which resulted in a fast drop of underground water levels, deteriorating air quality and impoverishment of farmland due to the use of chemical fertilizers and pesticides.
In the face of these serious challenges, China's consumption is unlikely to expand remarkably, which will result in a slowdown of the country's economic growth, Mr Walter said.
However, he stressed that with its economic growth rate of about eight percent, China will remain the 'locomotive' for world economic growth.
Asian stock markets fell due to concern that slower Chinese growth might mean less demand for goods from neighboring economies that supply raw materials and industrial components.
Beijing is trying to restore normal economic conditions following a huge stimulus that helped China quickly rebound from the global crisis. Beijing's growth target for the year is 8 per cent, while the World Bank is forecasting 9.5 per cent.
The government, which has clamped down on bank lending and real estate investment, said the latest growth rate was in line with its efforts.
China's growth soared to 11.9 per cent in the first three months of the year thanks to stimulus spending and bank lending. But now it is slowing down.
'These data point to a soft landing for the Chinese economy,' said Tom Orlik, an analyst in Beijing for Stone & McCarthy Research Associates.
'This is a signal that they are getting the ball rolling with meaningful policy changes in rebalancing,'
A new five-year economic blueprint issued this week by the Communist Party's ruling inner circle reflects the emphasis on quality over quantity.
It calls for 'inclusive growth' that spreads prosperity to the countryside and urban poor who have missed out on China's boom.