Arab Today, arab today chinas economic planner confident of achieving growth target
Last Updated : GMT 19:40:07
Arab Today, arab today
Arab Today, arab today

China's economic planner confident of achieving growth target

Arab Today, arab today

Arab Today, arab today China's economic planner confident of achieving growth target

Confident China can Achieve Full Year Growth Target
Beijing - XINHUA

 China's top economic planner said Tuesday the country's economic growth will remain in a proper range in the fourth quarter as government support policies to stimulate consumption and stabilize investment gradually filter through.
"I am confident we can achieve the annual growth target," Li Pumin, secretary-general of the National Development and Reform Commission, told a press conference.
He pointed to the slowdown in investment as major downward pressure on the economy. Earlier data showed China's urban fixed-asset investment grew 16.5 percent year on year in the first eight months of 2014, retreating 0.5 percentage points from the rate seen during the January-July period due to a continuing downturn in the real estate market.
To offset the impact, Li said China will step up investment in major water conservation projects, with the sum on ongoing projects estimated at around 600 billion yuan (97.6 billion U.S. dollars).
The official optimism came as some key economic indicators fell below market expectations in July and August, pointing to slowing momentum in the economy after a brief rebound in the second quarter, and fueling concerns that China may miss the annual growth target of around 7.5 percent.
Previously, the World Bank trimmed its 2014 growth forecast for China to 7.4 percent from 7.6 percent because it believes policies aimed at putting the economy on a more sustainable footing will sap growth. The International Monetary Fund left its forecast for China's growth this year unchanged at 7.4 percent.
In the first half of 2014, China's economy expanded 7.4 percent from a year earlier. The country is scheduled to release its third-quarter economic data on Oct. 21.

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 chinas economic planner confident of achieving growth target Arab Today, arab today chinas economic planner confident of achieving growth target

 



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 chinas economic planner confident of achieving growth target Arab Today, arab today chinas economic planner confident of achieving growth target

 



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
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
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