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

1 day ago

The Wall Street Journal: U.K. told to pay an extra $2.6 billion into the EU budget

Oct 24 2014 6:16am CDT | Source: MarketWatch

The request for additional payment stems from a new system for calculating GDP and will likely inflame euroskeptic sentiment in the U.K., as a key local e ...
Source: MarketWatch   Full article at: MarketWatch
 

 
Update
10

1 day ago

UK GDP Comes In Right In Line With Expectations

Oct 24 2014 4:59am CDT | Source: Business Insider

UK GDP grew by 0.7% in Q3, which is right in line with expectations. The figure is 3% higher compared to the same quarter last year, but weaker than the 0.9% growth recorded in Q2.  The service sector grew by 0.7%, industrial production increased by 0.5%, and construction increased by 0.8%. Markets are down in Europe right now.  Join the conversa ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
9

3 days ago

Rebasing GDP is set to boost SA’s financial ratios

Oct 21 2014 11:15pm CDT | Source: Business Day

Every five years Stats SA rebases and rebenchmarks the national accounts figures to bring them up to date, writes Hilary J ...
Source: Business Day   Full article at: Business Day
 

 
Update
8

4 days ago

China Growth Party Over, But Large Investors Soldier On

Oct 21 2014 8:28am CDT | Source: Forbes Real Time

China's third quarter GDP slows, but manages to beat consensus as most investors consider to sell ...
Source: Forbes Real Time   Full article at: Forbes Real Time
 

 
Update
7

4 days ago

Europe stocks shrug off China GDP data

Oct 21 2014 4:03am CDT | Source: FT

Gains for Treasuries and yen show underlying caut ...
Source: FT   Full article at: FT
 

 
Update
5

6 days ago

Commentary: Why we will have to settle for slower growth

Oct 19 2014 2:05pm CDT | Source: The Washington Post

We are now in the sixth year of expansion following the Great Recession, and most observers have been surprised and disappointed by the slow pace of that expansion. Since the recession ended in June 2009, real gross domestic product — our broadest measure of overall economic activity — has grown at an average annual rate of 2.2 percent. In contrast, in the 60 years before the recession, real GDP grew at an average annual rate of 3.5 percent. That lengthy period of rapid growth gave us a stro ...
Source: The Washington Post   Full article at: The Washington Post
 

 
Update
4

1 week ago

GDP data with FY12 as base year to be out in January 2015

Oct 13 2014 2:18pm CDT | Source: Business Standard

IIP, WPI numbers on new base year to be announced from ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
3

1 week ago

JP Morgan cuts India 2014/15 growth forecast to 5.1 pct from 5.3 pct

Oct 13 2014 1:32am CDT | Source: Reuters India

Reuters Market Eye - JP Morgan cuts its India GDP growth projection for 2014/15 to 5.1 percent from 5.3 percent after weak fa ...
Source: Reuters India   Full article at: Reuters India
 

 
Update
2

1 week ago

JP Morgan cuts India 2014-15 growth forecast to 5.1%

Oct 13 2014 1:32am CDT | Source: Business Standard

JP Morgan cuts its India GDP growth projection for 2014/15 to 5.1 percent from 5.3 percent after weak fa ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
1

2 weeks ago

IMF Projects 'Solid' Growth for Asia Pacific GDP in Q4

Oct 10 2014 11:15am CDT | Source: IBTimes UK

Asia Pacific's second half growth will be solid despite a weaker-than-expected firs ...
Source: IBTimes UK   Full article at: IBTimes UK
 

 

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<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
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