Chicken Lips
18 Jan 2018
Chinese Growth the Times - Chinese growth back on track at highest for two years Wow another first post for me. This is getting familiar:Chinese growth back on track at highest for two yearsChina’s GDP grew at its fastest rate in two years last year, beating economists’ forecasts and suggesting that the world’s second largest economy is improving.Beijing said that GDP reached 82.7 trillion yuan (£9.3 trillion) at the end of 2017, which is 6.9 per cent higher than the previous year and ahead of the official economic growth target of about 6.5 per cent. Beijing is likely to set the same goal for 2018, as it seeks to maintain a gradual expansion while addressing financial risks.China’s economic expansion, which has been the envy of the world, has been slowing since 2010, amid sluggish global demand and deliberate efforts by Beijing to be less reliant on highly polluting, energy-guzzling old industries, exports and investments. The regime wants to concentrate instead on new technology and sustainable sectors such as consumer spending. Curbs on bank lending have also dampened growth.In 2016 China’s economy grew 6.7 per cent, the slowest in 26 years.[link]
II Editor
10 Dec 2014
NEW ARTICLE: China: Expect continued volatility "Chinese equity markets recorded significant losses on Tuesday 9 December, with the Shanghai Stock Exchange Composite Index shedding over 5% and the Hong Kong Hang Seng Index losing 2.5% in a single day.The move was a major influence on the fall ..."[link]
