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

2 weeks ago

NCAER lowers GDP growth forecast for this year to 5%

Nov 4 2014 12:23pm CST | Source: Business Standard

The economic think-tank in its earlier projection had suggested the Indian economy was likely to grow at 5.7 per cent in 2 ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
10

2 weeks ago

NCAER lowers 2014-15 GDP growth forecast to 5%

Nov 4 2014 6:23am CST | Source: Business Today

The economic think-tank in its earlier projection had suggested that the Indian economy was likely to grow at 5.7 per cent ...
Source: Business Today   Full article at: Business Today
 

 
Update
9

3 weeks ago

Think tank NCAER sees economy slowing

Nov 1 2014 11:40am CDT | Source: Business Standard

RBI estimates GDP growth for 2014-15 will be 5.5%, NCAER expects GDP growth would be 5% for 201 ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
8

3 weeks ago

GDP down 0.1 per cent in August following six months of gains: StatCan

Oct 31 2014 7:47am CDT | Source: Canadian Business Online

OTTAWA – Statistics Canada says the country’s economic output fell slightly by 0.1 per cent in August, the first month to show a decline this year. Economists had expected no change in August from July, when economic output remained largely unchanged from the previous month, when the economy grew 0.3 per cent. The federal agency says goods production fell 1.0 per cent in August as most major subsectors — led by oil and gas extraction and manu ...
Source: Canadian Business Online   Full article at: Canadian Business Online
 

 
Update
7

3 weeks ago

Ukraine's GDP Fell 5.1% in 3rd Quarter

Oct 30 2014 2:32pm CDT | Source: WSJ.com: Europe Home

Ukraine’s economy continued its rapid slide in the third quarter of 2014, gross domestic product data from the state statistics s ...
Source: WSJ.com: Europe Home   Full article at: WSJ.com: Europe Home
 

 
Update
5

3 weeks ago

Trade, defence buoy US economy, but some weakness creeps in

Oct 30 2014 1:39pm CDT | Source: Business Standard

US GDP grew at a 3.5 per cent annual pace in the th ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
4

3 weeks ago

GDP takeaways: It could be as good as it gets

Oct 30 2014 12:54pm CDT | Source: FT

Takeaways from the strong US growth f ...
Source: FT   Full article at: FT
 

 
Update
3

3 weeks ago

Capitol Report: One puzzle from GDP report — the surge from trade

Oct 30 2014 9:57am CDT | Source: MarketWatch

One surprising element of the GDP report for the third quarter was the boost from tra ...
Source: MarketWatch   Full article at: MarketWatch
 

 
Update
2

3 weeks ago

Wall St dips at open despite strong GDP report

Oct 30 2014 8:50am CDT | Source: Reuters India

NEW YORK (Reuters) - U.S. stocks dipped at the open on Thursday despite a stronger-than-expected reading on third-quarter economic growth, as investors considered the strength of the economy the day after the Federal Reserve wound down its sti ...
Source: Reuters India   Full article at: Reuters India
 

 
Update
1

3 weeks ago

Wall St dips at open despite strong GDP report

Oct 30 2014 8:50am CDT | Source: Business Standard

Investors are considering the strength of the economy a day after the Federal Reserve wound down its stimulus ...
Source: Business Standard   Full article at: Business Standard
 

 

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