Arab Today, arab today china growth slows to 77 in first quarter
Last Updated : GMT 15:16:44
Arab Today, arab today
Arab Today, arab today

China growth slows to 7.7% in first quarter

Arab Today, arab today

Arab Today, arab today China growth slows to 7.7% in first quarter

Beijing - AFP

China's economic growth slowed to 7.7 percent in the first quarter, the government said on Monday, a surprise result that came in below expectations and raised concerns the nation's recovery is faltering. The figure for the three months to March, announced by the National Bureau of Statistics, compared with a median 8.0 percent forecast for the world's second-largest economy in a poll of 12 economists by AFP. China's economy expanded 7.9 percent in the fourth quarter of last year, snapping seven straight quarters of slowing growth and fuelling optimism for a solid recovery while other major economies remain relatively weak. In a statement the NBS cited "the complicated and volatile economic environment at home and abroad", adding that China's ruling Communist Party and government were committed to "making progress while ensuring stability". Wendy Chen, a Shanghai-based economist at Nomura Securities, told AFP: "The (GDP) figure was lower than market expectations, indicating the recovery in the real economy was not on a solid foundation and remained weak." She added that given concerns about inflation rising in the next few months it was unlikely the central bank will move to stimulate the economy by cutting interest rates "as loosening monetary policy may bring greater inflationary risks". The government "will likely take steps on the fiscal policy side, possibly continuing to promote investment in infrastructure construction", she said. China's economy grew 7.8 percent in 2012, its slowest rate in 13 years, and authorities have kept their growth target for 2013 at a conservative 7.5 percent. The country's leaders have vowed to rebalance the economy away from reliance on the traditional growth drivers of investment and exports, and towards consumer demand. But fixed-asset investment, a key measure of government spending on infrastructure, jumped 20.9 percent in the first quarter from the same period in 2012, the NBS said. Industrial production rose 8.9 percent year-on-year in March and 9.5 percent in the first quarter, the NBS added, while retail sales were up 12.6 percent in the month and 12.4 percent in the first quarter. The surprise GDP figure came after Chinese President Xi Jinping last week expressed confidence in the country's economy, telling business leaders it was in "good shape". He said China will probably not be able to sustain the "ultra-high speed of economic growth" of the past, but that a "relatively high speed of economic growth" will be possible.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china growth slows to 77 in first quarter Arab Today, arab today china growth slows to 77 in first quarter

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china growth slows to 77 in first quarter Arab Today, arab today china growth slows to 77 in first quarter

 



Arab Today, arab today
Arab Today, arab today Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today Barcelona through George Orwell’s eyes

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Tillerson heads to Gulf, downbeat

GMT 09:23 2017 Friday ,20 October

Tillerson heads to Gulf, downbeat
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Actress Shery Adel happy for Egypt’s qualification

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:43 2017 Wednesday ,18 October

Fake dentists ply brisk trade

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 19:29 2017 Tuesday ,29 August

Yomna: decoration leaved positive effects
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday