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EU said that the current outlook for China largely hinges on whether reported measures to accelerate public investment projects and some targeted fiscal measures directed towards consumers, will prove sufficient to ge..

08 Nov 2012

LONDON (Commodity Online): China’s economic growth rate will reach 7.7 percent in 2012 according to forecast by European Union. The forecast is a slowdown from 9.2 percent in 2011 and a similar level of growth for 2013 and 2014 has been predicated.

The EU autumn report figures says that China’s economic slowdown was faster than expected, the growth rate will be 7.7 percent in 2013 and snails to 7.8 percent in 2014.

The warning report was released shortly after US announced its general election and China started its process of leadership transition.

EU said that the current outlook for China largely hinges on whether reported measures to accelerate public investment projects and some targeted fiscal measures directed towards consumers, will prove sufficient to generate a substantial improvement in domestic prospect, giving weakness of external demand, and likely, sluggish demand from the domestic private sector.


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