26 October, 2014 AsiaNews.it Twitter AsiaNews.it Facebook            

Help AsiaNews | About us | P.I.M.E. | | RssNewsletter | Mobile





mediazioni e arbitrati, risoluzione alternativa delle controversie e servizi di mediazione e arbitrato
e-mail this to a friend printable version


» 07/13/2012
CHINA
Economic growth reaches weakest pace in three years
With growth slowing, the authorities need to address the problem politically, at the level of the one-party state that monopolises power and investments. Other data indicate that Beijing's injections of capital have temporarily, and artificially, stabilised the situation.

Beijing (AsiaNews/Agencies) - China's rate of economic growth is slowing down because of the world's economic crisis but especially domestic corruption and the one-party state. China's growth slowed for a sixth quarter to the weakest pace in three years; decision-makers in Beijing must focus more on the matter.

Today's macroeconomic indicators show that measures taken so far have started to stabilise the economy. Gross domestic product expanded 7.6 per cent last quarter from a year earlier, just under the first-half expansion of 7.8 per cent. In March, the target set was 7.5 per cent for this year, down from an 8 per cent goal in place since 2005.

However, this is largely a function of direct aid to the banks and big government corporations to soften the decline. Effects are likely to be temporary.

"I would say probably the worst is over and we are going to see some stabilization and even improvement in growth in the next quarter," Sun Junwei, China economist at HSBC in Beijing said. "It pretty much depends on what will be the strength of further easing, but I think the chance is good that (policy makers) are willing to respond to this growth slowdown."

GDP figures were not the only data released today. Fixed-asset investment excluding rural households increased 20.4 per cent in the first six months from a year earlier. Retail sales rose 13.7 per cent last month, compared with the 13.8 in May. Industrial production expanded 9.5 per cent in June, compared to a 9.8 per cent median estimate.


e-mail this to a friend printable version

See also
06/01/2010 CHINA
Chinese growth slowing down again in May, Wen Jiabao voices concerns
11/04/2005 CHINA
Annual economic growth over next five years to drop to 7.5 per cent
07/15/2010 CHINA
Chinese growth drops (slightly) to 10.3 per cent
10/21/2010 CHINA
Chinese growth slows down, inflation accelerates
07/17/2008 CHINA
Chinese inflation remains high, economic growth slows

Editor's choices
IRAQ - ITALY
Almost 700,000 euros raised as the 'Adopt a Christian from Mosul' campaign continues
by Bernardo CervelleraA second instalment is sent with funds raised in September. The fate of East-West relations is being played out in the Middle East and Iraq. Pope Francis and the Synod issue an appeal. Governments are lukewarm. Aid is coming from around the world. A new international community is defeating the "globalisation of indifference."
IRAQ-VATICAN
"Adopt a Christian from Mosul": Archbishops’ thanks as first aid arrives
by Amel NonaMsgr. Amel Nona, the Chaldean Archbishop of Mosul, who is also a refugee himself, thanks all the donors to the AsiaNews campaign. The situation is increasingly difficult given the huge number of refugees and the arrival of winter and snow, making outdoor shelters and tents impossible. The crisis, an occasion that activates the faith of Christians.
ITALY - IRAQ
After raising € 350,000, 'Adopt a Christian from Mosul' campaign continues
by Bernardo CervelleraDonations raised up to 31 August have been sent to the patriarch of Baghdad and the bishops of Kurdistan. The campaign helps to feed, house, clothe, and bring comfort to more than 150,000 Christian, Yazidi, Turkmen, Shia and Sunni refugees who fled the violence of the army of the Islamic Caliphate. People in Italy and around the world have been generous, including the poor and the unemployed, a sign of hope for the world as well as those who suffer and those who give.

Dossier

by Giulio Aleni / (a cura di) Gianni Criveller
pp. 176
Copyright © 2003 AsiaNews C.F. 00889190153 All rights reserved. Content on this site is made available for personal, non-commercial use only. You may not reproduce, republish, sell or otherwise distribute the content or any modified or altered versions of it without the express written permission of the editor. Photos on AsiaNews.it are largely taken from the internet and thus considered to be in the public domain. Anyone contrary to their publication need only contact the editorial office which will immediately proceed to remove the photos.