Arab Today, arab today china\s gdp may stand at 76
Last Updated : GMT 04:25:00
Arab Today, arab today
Arab Today, arab today

China\'s GDP may stand at 7.6%

Arab Today, arab today

Arab Today, arab today China\'s GDP may stand at 7.6%

Tokyo - KUNA

China's economic growth is likely to stand at 7.6 percent this year, slightly down from 7.7 percent in 2012, said a State Council report on Wednesday, according to the official Xinhua News Agency. Economic growth has been higher than expected since 2011 despite a declining trend, said a mid-term evaluation report on the implementation of the 12th five-year development plan (2011-2015), submitted by the State Council, China's cabinet, to the bi-monthly session of the Standing Committee of the National People's Congress (NPC). The five-year plan set an annual growth target of gross domestic product (GDP) of the world's second-biggest economy at 7 percent between 2011 and 2015. China's GDP growth was 9.3 percent in 2011, 7.7 percent in 2012 and 7.6 percent in the first half of this year. "We cannot deny a downward pressure on economic growth," said Xu Shaoshi, minister in charge of the National Development and Reform Commission, when briefing lawmakers about the report. "There are uncertainties in global economic recovery and the international market has failed to produce strong demand," Xu was quoted as saying. At home, labor cost increases and environmental costs to enterprises are catching up, which challenges the traditional growth pattern, he said. The economy is also challenged by increasing risks in local government debt, the financial sector and overcapacity, which resulted from blind government investment in industrial projects. "Investing a large amount of funds in low-profit infrastructure projects, industries with excess capacity and real estate projects has reduced liquidity and efficiency," Xu said. The report also listed several other challenges ahead, including slow economic restructuring, worsening pollution and social conflicts among interest groups. The State Council said the solution is comprehensive reform in various sectors to realize the market's decisive role in allocating resources and improve government performance.

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\s gdp may stand at 76 Arab Today, arab today china\s gdp may stand at 76

 



Arab Today, arab today

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\s gdp may stand at 76 Arab Today, arab today china\s gdp may stand at 76

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
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