Home | Growth | China growth continues to slow

China growth continues to slow

By
Font size: Decrease font Enlarge font
China growth continues to slow

Growth slightly misses government target.

The Chinese government announced today that its economy grew 7.4% during the twelve months ended in March.

This compares with growth of 7.7% year-on-year growth from last quarter, and is the lowest quarterly growth since the beginning of the global recession.

On a quarterly basis, China’s economy grew 1.4% compared to 1.8% in the prior quarter.

The Chinese government has set a target growth rate of 7.5%, as it attempts to rebalance its economy away from investment-intensive industries toward more consumption-oriented sectors, while managing a gradual reduction in overall debt levels and maintaining job growth.

Share this:

The latter element is crucial in the world’s most populous nation, as the government worries that widespread joblessness could lead to political and social unrest.

Join PRESIDENT&CEO on LinkedIn

Subscribe to comments feed Comments (0 posted)

total: | displaying:

Post your comment

  • Bold
  • Italic
  • Underline
  • Quote

Please enter the code you see in the image:

Captcha