11 Updates
China's GDP growth slows
Photo Credit: PETER PARKS, Getty Images

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

10 hours ago

The UK Economy Is Recovering But Population Growth Is Flattering GDP

Jul 26 2014 1:33am CDT | Source: Forbes Real Time

GDP Shows Economy Slowing, As Exports And Imports Fall
It's entirely true that the UK's GDP has now just (just about, as close as we can measure these things) recovered to reach the level we were at just pre-crisis in 2008. However, it's also true that there's been significant population grow ...
Source: Forbes Real Time   Full article at: Forbes Real Time
 

 
Update
10

21 hours ago

Wonkblog: Britain’s economy is finally bigger than it was in 2008. What took so long?

Jul 25 2014 2:33pm CDT | Source: The Washington Post

GDP Shows Economy Slowing, As Exports And Imports Fall
Britain's economy is a riddle, wrapped in a mystery, inside an enigma. And finally, six years later, it's an economy that's bigger than it was before the Great Recession. Now, on the one hand, there's nothing puzzling about Britain's slow-motion recovery. It had a big boom, a big bust, and big austerity. Given all this, we would have expected it to take awhile for GDP to get back to its pre ...
Source: The Washington Post   Full article at: The Washington Post
 

 
Update
9

1 day ago

G7 GDP

Jul 25 2014 9:38am CDT | Source: SeekingAlpha

Memphis Grizzlies v Houston Rockets
By Marc Chandler:The UK is typically the first G7 country to report its official estimate of quarterly GDP figures. Today was the day. Growth in Q2 was spot on expectations, matching the 0.8% pace seen in Q1. The US will issue its first estimate next week.Today's US June durable goods order report was somewhat disappointing. This stems from the weakness in non-defense shipments excluding ...
Source: SeekingAlpha   Full article at: SeekingAlpha
 

 
Update
8

2 days ago

Why Housing Is The Most Important Area To Watch

Jul 23 2014 2:10pm CDT | Source: SeekingAlpha

By Sean Emory:The significance of the U.S. housing market is material to investors in the U.S. and globally. In order to systematically present how housing drives the U.S. economy, I wanted to break it down into three basic segments. Contribution to GDP The creation of construction jobs Wealth effect on the consumers (click to enlarge) GDP Effect Housing historically has contributed to gross domestic product, or GDP, in two distinct ways:Private r ...
Source: SeekingAlpha   Full article at: SeekingAlpha
 

 
Update
7

4 days ago

MSME Ministry to ready in-depth devlopment plan in 6 months: Govt

Jul 22 2014 6:26am CDT | Source: Business Standard

GDP Shows Economy Slowing, As Exports And Imports Fall
MSME Ministry is expected to ready an in-depth plan to revitalise the country's micro, small and medium enterprises within six months time, a sector that contributes almost 38 per cent to the country's GDP and ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
5

5 days ago

What A GDP-Based IMF Would Look Like

Jul 21 2014 12:00pm CDT | Source: SeekingAlpha

By Marc Chandler:This Great Graphic was posted by Benn Steil and Dinah Walker of the Council on Foreign Relations. Based on GDP, it shows who is under and over represented on the IMF.Ironically, it is not just many developing countries that are under represented, but the world's three largest economies, the US, China and Japan are also under represented. Europe (and Saudi Arabia) would stand to lose the most if the IMF vot ...
Source: SeekingAlpha   Full article at: SeekingAlpha
 

 
Update
4

5 days ago

Is The Economy Ready For Quantitative Easing To End?

Jul 21 2014 6:52am CDT | Source: SeekingAlpha

GDP Shows Economy Slowing, As Exports And Imports Fall
By Dividends & Income Daily:"The economy is recovering."How many times have you heard or read something similar to this statement recently?Comments like this are repeated so often in the media that the premise of a mending economy becomes accepted as truth.Granted, there are reasons to be optimistic…The unemployment rate has fallen from a high of 10.0% in 2009 down to 6.1% in June. Also, the four-week moving average of jobless claims has hit a low not seen since mid- ...
Source: SeekingAlpha   Full article at: SeekingAlpha
 

 
Update
3

5 days ago

German GDP Stalls in Second Quarter

Jul 21 2014 5:03am CDT | Source: WSJ.com: Europe Home

GDP Shows Economy Slowing, As Exports And Imports Fall
German gross domestic product stalled in the second quarter as geopolitical concerns weighed on industrial output and construction weakened after a weather-induced boom in the first three months of the year ...
Source: WSJ.com: Europe Home   Full article at: WSJ.com: Europe Home
 

 
Update
2

1 week ago

The News That Business Doesn't Want To Hear

Jul 18 2014 10:05am CDT | Source: Forbes Real Time

GDP Shows Economy Slowing, As Exports And Imports Fall
The new edition of Deloitte’s Shift Index, published this week, gives a clearer—and grimmer—picture of our economic reality than shifts ...
Source: Forbes Real Time   Full article at: Forbes Real Time
 

 
Update
1

1 week ago

Daily State Of The Markets: Indicators Suggest A Pullback Might Be Near, But...

Jul 17 2014 7:56am CDT | Source: SeekingAlpha

By David Moenning: One of Dave M's partners at Numetrix Capital, Paul Schatz, is filling in for Dave this morning. Here are Paul's latest thoughts on the "state of the markets." Good morning. The Dow hit yet another all time high yesterday and there hasn't been a 10%+ correction in 35 months. When stocks opened sharply lower on July 10th, the bears came roaring out of hibernation calling for everything from a ...
Source: SeekingAlpha   Full article at: SeekingAlpha
 

 

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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.
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