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)

Qantas suffers biggest annual loss of 2.8 billion dollars Aug 28, 5:10 pm
London, Aug 28 (ANI): Australia's national flag carrier Qantas has reportedly suffered its biggest annual loss of 2.8 billion Australian dollars till June this year.
Full Story
New BMW X3 debuts in India Aug 28, 5:10 pm
Noida (Uttar Pradesh), Aug.28 (ANI): A paragon of sporty dynamics, premium ambience and robust agility, the new BMW X3 was launched today at Deutsche Motoren, the BMW dealership in Noida.
Full Story
Embattled Malaysian Airlines opt for giveaways to win back trust Aug 28, 4:10 pm
Sydney, Aug. 28 (ANI): In order to stay afloat from a business point of view, a struggling Malaysian Airlines has opted to cut-price flights and giveaways in order to win back the trust of its customers and crew who have deserted the airline.
Full Story
Expenditure on digital ads to surpass TV in U.S. by 2017: Magna Global Aug 27, 3:34 pm
Washington, Aug 27 (ANI): Expenditure on digital advertising would exceed Television ad spending in the United States in 2017, predicts Magna Global in its recent forecast on Tuesday.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY