国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Economy

Local growth bottoms out in second quarter

By Zheng Yangpeng (China Daily) Updated: 2014-07-22 07:30

First-half growth slowed in many provinces this year, although it picked up in the second quarter compared with the first as top-down stimulus measures kicked in and local governments took pro-growth steps of their own.

Of the 11 regions that have so far released first-half GDP statistics, just one-the northwestern province of Qinghai-achieved double-digit expansion.

The overall low level of growth was very unusual in the past few years. Western regions, whose growth rates easily surpassed 10 percent previously, have descended into single-digit territory, with GDP growth slipping by as much as 3.7 percentage points compared with 2013.

Local growth bottoms out in second quarter
China's H1 growth up 7.4%, showing economic resilience 
Local growth bottoms out in second quarter
Top 10 regions with highest GDP in China 
However, almost all regions delivered a better performance in the second quarter than the first, with just one exception: Xinjiang's growth in the first half slowed by 0.2 percentage point over that of the first quarter alone.

Southwestern Yunnan province experienced the largest improvement, with growth accelerating from 7.7 percent in the first quarter to 8.4 percent for the first six months. Economic powerhouse Guangdong saw its growth rise from 7.2 percent to 7.5 percent.

Other regions' first-half growth rates edged up 0.1 to 0.4 percentage point.

Regional governments did not provide separate growth data for the second quarter.

The marginal improvements are being mainly attributed to a raft of stimulus measures adopted since April. These measures, including more spending on railways, public housing and infrastructure, helped arrest the significant slowdown in the first quarter, analysts said.

China's economic growth picked up slightly to 7.5 percent in the second quarter.

Recent signs indicated that Premier Li Keqiang is increasingly serious about the 7.5 percent annual growth target. He said last week the government "must ensure" the goal is met.

The unexpectedly hefty increase in bank loans in June was taken as a signal of the government's seriousness. Chinese banks lent 1.08 trillion yuan ($174 billion) in June, nearly 20 percent above market expectations. Fiscal spending in June surged 26.1 percent, after a 24.6 percent expansion in May.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
尚志市| 金华市| 茌平县| 铜陵市| 双城市| 元谋县| 汝阳县| 邢台市| 四会市| 高邑县| 万盛区| 赤城县| 京山县| 禄劝| 正阳县| 收藏| 东山县| 麟游县| 阜平县| 宜阳县| 东方市| 曲阳县| 临泉县| 长沙县| 扎囊县| 时尚| 太仓市| 许昌县| 荔波县| 阿拉尔市| 瑞安市| 郓城县| 邵阳市| 桂东县| 西充县| 马龙县| 马关县| 格尔木市| 乐东| 汾阳市| 平遥县|