China's economic growth slows down to 8.1%

   Apr 13, 1:31 pm

Beijing, April 13 (ANI): The economic growth of China slowed down to 8.1 percent in the first quarter of 2012, as a slowdown in exports and real-estate investment complicated its efforts to guide the economy to progress.

China had expected a growth rate of 8.3 percent, but reached the 8.1 percent mark, which is a marked slowdown from 8.9 percent in the fourth quarter of 2011 and the lowest since the first quarter of 2009.

According to the Wall Street Journal, the growth rate figures released by China's National Bureau of Statistics come at a time when the country has shown signs of shifting its policy more towards supporting growth and continuing to shift away from inflation.

China's resilient growth and strong public finances stand in contrast to the U.S. and Europe, where unemployment remains high and high public debt limits the scope for a spur.

Inflation in March also rose, with the Consumer Price Index up at 3.6 percent, but analysts expect the prices to trend lower in the months ahead, the paper said.(ANI)

SEBI chairman calls on CII to develop roadmap for integrated reporting Sep 17, 5:19 pm
New Delhi, Sept. 17 (ANI): Securities and Exchange Board of India (SEBI) chairman U K Sinha on Wednesday stressed on the need to first create awareness and build the environment that is experienced with integrated reporting.
Full Story
Sri Lanka, China ink 27 agreements to deepen strategic cooperative partnership Sep 17, 2:15 pm
Colombo, Sept.17 (ANI): Sri Lanka and China have signed 27 agreements to further cooperation between the two nations.
Full Story
Study says India's entertainment industry to clock over Rs 227,000 crore by 2018 Sep 16, 5:23 pm
New Delhi, Sept. 16 (ANI): India's entertainment and media sector is expected to grow steadily over the next five years as per CII-PwC's latest report titled India Entertainment and Media Outlook 2014.
Full Story
Axis bank joins ETC implementation plan of road transport and highways ministry Sep 16, 5:00 pm
New Delhi, Sept.16 (ANI): Indian Highways Management Company Limited (IHMCL), an NHAI promoted company and Axis Bank have signed an agreement for the provision of Central Clearing House (CCH) services and sale of FASTag, for the Electronic Toll Collection (ETC) at the Toll Plazas on the National Highways.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY