Thursday, July 31, 2014   

China reports moderate 7.7pc growth, economy slows in fourth quarter
(01-20 10:19)

China's economy grew by 7.7 percent last year, tying 2012 for the weakest performance since the 1990s, after its expansion eased in the final quarter.
Government data today showed the economy grew 7.7 percent in the three months ending in December. That was down from 7.8 percent the previous quarter.
Growth for the October-December quarter also came in at 7.7 percent, the National Bureau of Statistics said, slowing from 7.8 percent in the previous three months.
“Generally speaking China's economy showed good momentum of stable and moderate growth in 2013, which is [a] hard-earned achievement,'' the NBS said in a statement.
“However we should keep in mind that the deep-rooted problems built up over time are yet to be solved in such a critical period for China's economy.’’—AP/AFP

   
Other China breaking news:
PLA, Armed Police back graft probe of Zhou (07-31 12:58)
Father of jailed businesswoman detained over corruption claims (07-30 19:01)
Former Beijing Zoo chief prosecuted for corruption (07-30 18:35)
Analysts say Zhou's fall cements Xi's grip on power (07-30 18:01)
Senior political advisor of Liaoning removed from post (07-30 16:18)
Hainan vice governor removed from post (07-30 12:42)
Five officials face graft probe (07-30 12:25)
Graft-busters removed from public office (07-30 12:23)
Foxconn employee found dead in Shenzhen (07-30 10:42)
Microsoft under anti-monopoly probe (07-29 18:17)

More breaking news >>

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