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)

Civilian employees to avail OROP benefits: Seventh Pay Commission chief Jun 29, 6:42 pm
Jodhpur (Rajasthan), June 29 (ANI): The Seventh Pay Commission has recommended One Rank, One Pension (OROP) for all civilian employees.
Full Story
7th Pay Commission to be implemented from January 1, 2016: Arun Jaitley Jun 29, 6:33 pm
New Delhi, June 29 (ANI): Union Finance Minister Arun Jaitley announced on Wednesday that the recommendations of the 7th Pay Commission will be effective from January 1, 2016.
Full Story
L&T Infotech IPO likely to open on July 11 Jun 29, 5:48 pm
New Delhi, June 29 (ANI): A subsidiary of engineering and construction major Larsen and Toubro Limited has announced the launch of its 1.75 crore equity shares initial public offer (IPO) for subscription on July 11.
Full Story
TravelKhana enjoys popularity amongst smartphone-savvy customers Jun 29, 5:20 pm
New Delhi, June 29 (ANI): Food ordering marketplace for travellers in transit TravelKhana has confirmed its popularity among smartphone users by recording maximum number of food orders generated through its mobile app.
Full Story
Comments