SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 27 Sep, 2014  

china.9.THMB.jpg China's economy declines in Q1

China.9.jpg
   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
IANS | 15 Apr, 2013
China's gross domestic product (GDP) growth unexpectedly slowed to 7.7 percent in the first quarter of 2013, down from 7.9 percent during the final quarter of 2012, data from the National Bureau of Statistics showed Monday.

The rate was weaker than most market expectations, but still stayed above the 7.5-percent full-year target for 2013 set by the government last month, reported Xinhua.

According to preliminary statistics, the GDP totalled 11.89 trillion yuan ($1.9 trillion) in the first three months.

"The data has continued a stabilizing growth trend that took shape late last year, showing that the new government does not put pursuing growth as its number-one task," said Wang Jun, an economist at the China Center for International Economic Exchanges.

China's full-year annual growth in 2012 eased to 7.8 percent, its weakest since 1999.

GDP figures headed a string of other data showing that industrial output grew 9.5 percent year on year in the first quarter of 2013, down from the 11.6-percent pace recorded during the same period of last year.

The growth of fixed-asset investment, a measure of government spending on infrastructure, remained unchanged at 20.9 percent during the period compared to a year earlier.

Retail sales, a key indicator of consumer spending, increased 12.4 percent from a year earlier, easing from the 14.8 percent logged in the same period last year.

 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter