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 / Macro

China's first quarter GDP grows 7.4%

(Xinhua) Updated: 2014-04-16 10:19

China's first quarter GDP grows 7.4%

BEIJING -- China's economy grew 7.4 percent year on year in the first quarter of 2014, the National Bureau of Statistics (NBS) revealed on Wednesday.

The NBS said that preliminary data showed the nation's gross domestic product (GDP) reached 12.8213 trillion yuan ($2.08 trillion) in the first quarter.

The figures suggest growth in the world's second-largest economy in the beginning of year 2014 was stable and that the economy was generally in good health, as Chinese authorities promoted reforms, innovation, restructuring and improvement of people's well-being, according to the NBS.

The first-quarter growth exceeded market estimates of 7.3 percent.

However, it slowed compared to the 7.7-percent growth in the fourth quarter of 2013, and marked the lowest quarterly growth level since the third quarter of 2012. But even so, the figure still far outperformed the 6.6-percent growth in the first quarter of 2009, when the global financial crisis wreaked havoc.

Economists said the weaker growth suggested heavier downward pressure on the economy, but that the growth rate was still within a reasonable range.

"I predicted the first-quarter GDP growth to be between 7.2 and 7.3 percent. Though slower, I don't think this level of growth is unbearable," said Wang Jun, a senior researcher at the China Center for International Economic Exchanges.

Wang pointed to the significance of measures taken by authorities in March targeting tax reductions and simplification of administrative procedures, as well as their plans to step up railway investment and renovation of shanty towns.

"These measures aim to stabilize growth. I think the economic momentum will increase from the second quarter and there's no need to worry the economy will slide out of control," he said.

Other data jointly released with the GDP figures on Wednesday showed industrial output growth slowed to 8.7 percent in the first quarter.

During the same period, fixed asset investment growth gained 17.6 percent; retail sales expanded 12 percent, while the average per-capita disposable income of both urban and rural residents grew 8.6 percent year on year.

The economic slowdown came amid a generally mild inflation rate in the first quarter, with the consumer price index, the main gauge of inflation, rising 2.4 percent in March.

Earlier data also showed the country's exports and imports declined 1 percent year on year to $965.88 billion in the first quarter while power consumption rose 5.4 percent year on year, though the March figure picked up steam and rose 7.2 percent.

China's first quarter GDP grows 7.4% China's first quarter GDP grows 7.4%
Traders report grim outlook

Robust trade eases slowdown worries 

 

Hot Topics

Editor's Picks
...
...
南郑县| 揭西县| 兴化市| 吉林省| 柳河县| 壶关县| 苗栗市| 江口县| 张家港市| 屯留县| 甘孜县| 合肥市| 陵水| 吴川市| 宣城市| 堆龙德庆县| 泸西县| 靖宇县| 肇庆市| 大兴区| 黄平县| 山东| 孟津县| 鄯善县| 民权县| 江华| 洛宁县| 蒲城县| 安新县| 东乡县| 蓬溪县| 富川| 徐州市| 沂源县| 会理县| 太保市| 饶阳县| 利辛县| 鱼台县| 澄迈县| 彝良县|