SME Times is powered by   
Search News
Just in:   • Renewed growth concerns  • Russian economy should not develop in isolation: Putin  • Markets cede gains on profit booking  • No one's personal fiefdom, says Mistry; Tatas hit back  • After 74-day struggle, Jayalalithaa loses battle with life 
Last updated: 27 Sep, 2014  

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

China.9.jpg
   Top Stories
» RBI expected to cut interest rate on Wednesday
» Service sector hit by note ban, biggest fall in Nov
» Demonetisation to hurt economy in long-term: Experts
» Publishing industry still to overcome shock of demonetisation
» 'India will be second largest e-commerce market by 2034'
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
69.40
67.70
UK Pound
87.25
84.45
Euro
73.90
71.40
Japanese Yen 61.00 59.00
As on 06 Dec, 2016
  Daily Poll
Do you support Modi government's demonetisation move?
 Yes
 No
 Can't say
  Commented Stories
» Moving to a cashless economy(28)
» Starting an import export business: Basic guide for beginners(6)
» Govt mulls 'Online Udyog Aadhaar Form' to ease SME registration(2)
» IRCTC's conceirge service now on phone(1)
» Modi again seeks support for demonetisation(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter