China's economic growth slowest since 2009

Comments Off on China's economic growth slowest since 2009

China has recorded its slowest economic growth since 2009, up 6.7% in the first quarter of the year, the nation’s government said.

The data from the National Bureau of Statistics of China showed the figure had eased from 6.8% in the final quarter of last year.

The latest 6.7% growth had taken the country’s GDP to 15.9 trillion yuan (£1.73 trillion).

It is in line with the growth targets of the world’s second largest economy.

Areas of growth noted included a rise in residents’ income and increased investments in property. 

Consumers also appear to be buying, with retail sales showing a 10.5% rise for March.

“The overall performance of national economy continued to be stable and move in a positive direction, with structural adjustment deepened, new impetus accumulated and positive changes showed on major indicators. The national economy enjoyed a good start,” the government said. 

Source Article from

April 15, 2016 |
Copyright © 2019 All Rights Reserved.
WordPress Directory Theme

Classified Ads Software

We use cookies to ensure that we give you the best experience on our website.
More about our cookies
Skip to toolbar