mardi 14 avril 2015
China's Economy Slows to 7% Growth, Meeting Government Target
Posted on 20:18 by nice news
China’s economy slowed to the weakest pace of expansion since 2009 last quarter as policymakers implement a reform program while cushioning growth with targeted stimulus.
Gross domestic product rose 7 percent in the three months through March from a year earlier, the statistics bureau said in Beijing Wednesday, matching the median estimate of economists in a Bloomberg survey of analysts. That rate matches the leadership’s target for its full year expansion pace.
Juggling the need to sustain employment and wages while reining in debt risks, corruption and pollution, China’s leaders have signaled tolerance for a slower expansion pace than the almost 10 percent average of the past decade. To prevent a hard landing, policy makers have relaxed home purchasing rules, cut interest rates twice and reduced the reserves banks must set aside since November.
“The government recently rolled out a series of easing measures, which likely supported activity,” Goldman Sachs Group Inc. economists led by Song Yu wrote in a note before the release. “The anti-corruption campaign’s drag on growth likely became smaller, after the most intensive entertainment and gift-giving period passed.”
Gross domestic product rose 7 percent in the three months through March from a year earlier, the statistics bureau said in Beijing Wednesday, matching the median estimate of economists in a Bloomberg survey of analysts. That rate matches the leadership’s target for its full year expansion pace.
Juggling the need to sustain employment and wages while reining in debt risks, corruption and pollution, China’s leaders have signaled tolerance for a slower expansion pace than the almost 10 percent average of the past decade. To prevent a hard landing, policy makers have relaxed home purchasing rules, cut interest rates twice and reduced the reserves banks must set aside since November.
“The government recently rolled out a series of easing measures, which likely supported activity,” Goldman Sachs Group Inc. economists led by Song Yu wrote in a note before the release. “The anti-corruption campaign’s drag on growth likely became smaller, after the most intensive entertainment and gift-giving period passed.”
China's Economy Slows to 7% Growth, Meeting Government Target
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