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

11 hours ago

40 Years Ago...and now: GDP pie sees transformation

Aug 19 2014 2:13pm CDT | Source: Business Standard

Through the past few decades, India has been transformed from a largely agriculturally-oriented economy to one in which the services sector accounts for an overwhelming share of gross domestic product (GDP). While th ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
10

1 day ago

GDP may be compromised sufficiently to tip economy into recession

Aug 18 2014 10:36pm CDT | Source: Business Day

Looking at domestic output data for manufacturing, mining and retail, about 33% of the measured economy is in troubl ...
Source: Business Day   Full article at: Business Day
 

 
Update
9

1 day ago

Marsh on Monday: Euro-zone spin doctors speechless as GDP sinks

Aug 18 2014 9:00pm CDT | Source: MarketWatch

As the euro-zone economy sinks, the new economic cheerleader in Brussels will have to work on his sound bites so that everything will seem OK, writ ...
Source: MarketWatch   Full article at: MarketWatch
 

 
Update
8

1 day ago

Rocky Days Ahead

Aug 18 2014 8:25am CDT | Source: SeekingAlpha

By Joseph Calhoun: By Jeffrey P. Snider There is little for me to say about the GDP figures from Europe, released this week to much shock and discomfort, as I am frankly tired of GDP and eagerly await the unhonored end of its continued mainstream "significance." The largest problem with it is that its correlation with actual economic results has clearly broken down from whatever it had to begin with. ...
Source: SeekingAlpha   Full article at: SeekingAlpha
 

 
Update
7

3 days ago

FM hints at sops to increase savings

Aug 16 2014 9:58am CDT | Source: Business Standard

Says high inflation has to be reversed to achieve sustainable GDP expa ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
5

4 days ago

Malaysia's GDP expands 6.4% in Q2

Aug 15 2014 5:04pm CDT | Source: Business Times Singapore

August 16, 2014 1:08 AMMALAYSIA'S second-quarter gross domestic product (GDP) expanded a sizzling 6.4 per cent year-on-year in an unexpected surge that could prompt the central bank to raise rates for the second ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
4

4 days ago

UK's GDP Grew 0.8%, As Expected

Aug 15 2014 3:37am CDT | Source: Business Insider

The U.K. economy grew by 0.8% in Q2. This measure was unchanged from a preliminary estimate a month ago, and it's right in line with expectations. This reflects 3.2% growth year-over-year. More to come...Joi ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
3

5 days ago

Japan's GDP Problem Extends In Both Temporal Directions

Aug 14 2014 3:53pm CDT | Source: SeekingAlpha

By Joseph Calhoun: By Jeffrey P. Snider This may be a more globally universal problem than specifically limited to just Japan, but since the Japanese have been encapsulated here by far the longest it has lost almost all meaning. At some point, there has to be a penetrating numbness that becomes downright debilitating which is why a degree of sympathy is called for despite it all. There is no other way to explai ...
Source: SeekingAlpha   Full article at: SeekingAlpha
 

 
Update
2

6 days ago

Biting the bullet

Aug 13 2014 11:00am CDT | Source: Business Standard

Japan's GDP sacrifice is price well p ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
1

1 week ago

Japan GDP Falls Most Since 2011 Quake on Sales Tax Hike

Aug 13 2014 1:27am CDT | Source: IBTimes UK

GDP declined annualised 6.8% in second quarter, compared to economists' projections for 7.1% drop ...
Source: IBTimes UK   Full article at: IBTimes UK
 

 

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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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