SME Times is powered by   
Search News
Just in:   • GST will have inflationary pressure on tea: Cyrus Mistry  • Tata Power net profit down 76 pc in Q1  • G20 summit in China next month  • Sensex, Nifty close flat  • Lenovo appoints Pankaj Harjai as SMB vertical head 
Last updated: 27 Sep, 2014  

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

China.9.jpg
   Top Stories
» 'RBI preparing framework to ease flow of credit to MSMEs'
» Govt opens awareness campaigns on IPR policy
» Act East policy will open markets like Myanmar, ASEAN for East India: Prez
» Jaitley orders 'immediate action' for implementing Bankruptcy Code
» Bandhan Bank to expand branch network to 1,000 by next Aug
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
67.75
66.05
UK Pound
90.75
87.85
Euro
75.85
73.30
Japanese Yen 67.25 65.00
As on 24 Aug, 2016
  Daily Poll
GST will benefit small and medium enterprises (SMEs)
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(7)
» Job creation: Herculean task ahead(7)
» Jaitley launches MSME databank, finance facilitation centres(4)
» L&T secures Rs.3.44 billion project from Power Grid(3)
» One nation + one tax = Rs 9.20 lakh cr for GST(3)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter