360° Coverage : China's GDP growth slows

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China's GDP growth slows
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China's GDP growth slows

Jul 15 2013, 3:28am CDT | by

Beijing, July 15 (IANS) China's gross domestic product growth slowed to 7.5 percent in the second quarter of 2013, down from 7.7 percent during the first quarter, data from the National Bureau of Statistics (NBS) showed Monday.

Beijing, July 15 — China's gross domestic product growth slowed to 7.5 percent in the second quarter of 2013, down from 7.7 percent during the first quarter, data from the National Bureau of...

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1 year ago

China's GDP growth slows

Jul 15 2013, 3:28am CDT | by

Beijing, July 15 (IANS) China's gross domestic product growth slowed to 7.5 percent in the second quarter of 2013, down from 7.7 percent during the first quarter, data from the National Bureau of Statistics (NBS) showed Monday.

Beijing, July 15 — China's gross domestic product growth slowed to 7.5 percent in the second quarter of 2013, down from 7.7 percent during the first quarter, data from the National Bureau of Statistics (NBS) showed Monday.

Growth in the first half of the year stood at 7.6 percent, which is in line with market expectations and was above the government's full-year target of 7.5 percent, reported Xinhua.

"China's economy has maintained a steady growth," Sheng Laiyun, a spokesman for the NBS, said at a press conference.

According to the NBS data, the GDP totalled 24.8 trillion yuan ($4 trillion) in the first six months.

"Major economic indicators are still within reasonable ranges as expected, but the economic environment remains complex," Sheng said, adding that the market should play a better role to bring out the economy's intrinsic vigour.

The latest GDP figures headed a string of other data showing a continuous slowdown in the world's second-largest economy after China's full-year annual growth eased to 7.8 percent last year, its weakest since 1999.

Industrial output increased 9.3 percent year on year in the first half of 2013, while the growth of fixed-asset investment, a measure of government and private spending on infrastructure, stood at 20.1 percent during the period, down 0.8 percentage point over the first quarter of the year.

Retail sales, a key indicator of consumer spending, increased 12.7 percent from a year earlier. The growth rate picked up by 0.3 percentage point from the first quarter, according to the NBS.

IANS

Source: IANS

 
Update
11

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Germany's economy contracted in the second quarter after a robust start to the year, the Federal Statistics Office confirmed, putting pressure on policy makers to move ahead with ...
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GDP figures show sharp industry revival

Aug 29 2014 2:18pm CDT | Source: Business Standard

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Update
5

2 days ago

Brazil’s GDP contracts and sends economy into a recession

Aug 29 2014 9:48am CDT | Source: Canadian Business Online

SAO PAULO – Brazil’s government says the country’s gross domestic product contracted 0.6 per cent in the second quarter compared with the previous three months, sending the country’s economy into a recession. The government’s IBGE statistics bureau said Friday it was the second consecutive quarterly contraction of the economy. In the first quarter of the year, GDP was reported as having grown 0.2 per cent. But that figure was revised downward to minus 0.2 per cent. The IBG ...
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Update
4

2 days ago

GDP grows by 5.7 per cent, Indian economy on a two-year high

Aug 29 2014 8:44am CDT | Source: HeadlinesToday.in

The 5.7 per cent growth in April-June quarter is also the highest since the 6 per cent increase logged during October-December quarter of 2011-12, according to data compiled by the Central Statistics Of ...
Source: HeadlinesToday.in   Full article at: HeadlinesToday.in
 

 
Update
3

2 days ago

Brazil Second-Quarter GDP Contracts

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Update
2

2 days ago

India GDP grows at 5.7% in June quarter, beats expectations

Aug 29 2014 7:15am CDT | Source: Business Standard

The Indian economy clocked 5.7% GDP growth in the quarter ended June 2014, government data released Thursday showed, up 1.1% from 4.6% in the quarter ended March 2014. GDP growth for the full financial year ended March 20 ...
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Update
1

2 days ago

Q1FY15 GDP comes at 5.7% versus 4.7% annually

Aug 29 2014 7:09am CDT | Source: Business Standard

The Indian economy clocked 5.7% GDP growth in the quarter ended June 2014, government data released Thursday showed, up 1.1% from 4.6% in the quarter ended March 2014. GDP growth for the full financial year ended March 2014 was 4.7% ...
Source: Business Standard   Full article at: Business Standard
 

 

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<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

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