China said Friday its economy grew by 8.1 percent in the first three months of 2012, its slowest pace in nearly three years, as global turbulence curbed business activity. Gross domestic product in the world's second-largest economy grew 8.1 percent year-on-year in the first quarter, the National Bureau of Statistics (NBS) said, compared with an 8.9 percent year-on-year expansion in the previous quarter. NBS spokesman Sheng Laiyun said China "continues to maintain a moderate and relatively fast growth" as he announced the figure, the lowest quarterly growth rate since the second quarter of 2009. China's annual growth slowed to 9.2 percent last year from 10.4 percent in 2010, as turbulence in Europe and the United States hit the export-driven economy. Over the past few months Beijing has pledged to "fine-tune" policy to prevent a hard landing for the economy, which could trigger widespread job losses and spark social unrest. The government said in March it had cut its economic growth target to 7.5 percent this year, in an official acknowledgement that the economy is slowing.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor