Tuesday, January 20, 2015

China's 'new normal' - rebalancing the 'miracle' economy

The Chinese premier, Li Keqiang, has warned that the national
economy faces significant downward pressures this year.
He was speaking on the eve of the publication of the latest
economic data expected to show that the country has grown at its
weakest rate for nearly a quarter of a century.
At its peak in 2007 the Chinese economy was enjoying annual
growth of over 14%, but in 2014 the rate of growth is likely to have
fallen to 7.3%.
The BBC's China editor Carrie Gracie went to the north-east city of
Harbin which is suffering many of the problems plaguing the
world's second largest economy.

No comments:

Post a Comment