SME Times is powered by   
Search News
Just in:   • India marks 50 years of ITEC development aid programme  • Odisha's 57-MT iron ore output cap in 2014-15  • SpiceJet commences Diwali sales, offers tickets at Rs.899  • Odisha expects record rice output  • Cairn India Q2 net falls 33 pc to Rs.2,278 cr 
Last updated: 27 Sep, 2014  

China.9.Thmb.jpg China's economy may slow down in 2015: economist

China.9.jpg
   Top Stories
» Bill to implement GST in winter session: FM
» India, Nepal finally sign power trade agreement
» 'India favours democratisation of global affairs of telecom'
» 'Coal block reallocation must give level-playing field'
» Govt to bring ordinance to re-auction coal blocks
IANS | 25 Mar, 2013
 After about 30 years of fast growth, Chinese economic growth rate may see a visible declines in 2015, said an economist.

"Chinese economic growth rate may see visible declines in 2015 and the growth rate may further fall below 7 percent in 2019 before gradually stabilizing between 6 to 7 percent," Xinhua quoted Liu Shijin, deputy head of the Development Research Centre of the State Council, as saying.

The country's economic growth rate has been declining to an annual economic growth rates between 7 to 8 percent in the past two years, Liu said.

Despite the slowdown, the growth will still be remarkably high in the global scope and will not dampen the country's target to build a well-off society in an all-round way, Liu said.

The key to ensure growth is to tap new growth potentials, he added.

The potentials include urbanization as well as upgrading industries and consumption, he said.

"The key issue for China now is to further deepen reforms, in a bid to let out the new growth potentials," Liu said.

China has targeted 7.5-percent economic growth this year, lower than its 7.8-percent growth in 2012. 
 
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
62.30
61.30
UK Pound
101.25
99.00
Euro
79.00
77.10
Japanese Yen 56.90 55.55
As on 23 Oct, 2014
  Daily Poll
Will PM's 'Come and make in India' mantra spur economic growth?
 Yes
 No
 Can't say
  Commented Stories
» Making Indian MSMEs globally competitive(8)
» Starting an import export business: Basic guide for beginners(7)
» Labour reform - a step taken forward(6)
» Late payment: RBI move not enough for SMEs(5)
» PM's 'Mann Ki Baat': Govt may ease MSME registration process(4)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter