Skip to main content

China growth rate on positive trend

China's economic growth rose in the fourth quarter of 2012, helping the world's most populous nation end the year with a growth rate of 7.8%, according to figures released on January 18, 2013 from the National Bureau of Statistics.

Last quarter, China's economy grew at a pace of 7.9%, slightly better than analyst expectations and breaking a pattern of seven straight quarters of decline. 

China's growth rate had been steadily falling since the fourth quarter of 2010, when economic output grew 9.8%. The slowing growth rate bottomed out in the third quarter of 2012, when China's economy only grew at 7.4%. 

Last March, Chinese Premier Wen Jiabao lowered the country's 2012 growth target from 8% to 7.5%. While such growth would be the envy of most nations, China's economy has grown at an average rate of about 10% each year for the past 30 years.

This has helped propel China to become the world's second largest economy, just behind that of the United States. China's leaders are widely expected to maintain its 7.5% growth target into 2013. 

Adding to Friday's better-than-expected growth figures, China's industrial production increased to 10.3% year-on-year versus expectations of 10.2% growth. Retail sales rose 15.2% year-on-year, also a 0.1% point increase over expectations.

Comments

Popular posts from this blog

Bangladesh Stock Market loses BDT 850 Billion

A total of Tk 85,000 crore have been channeled out through the Bangladesh Share Market within the last 30 working days, sources said. The General Index was 8918 points on December 5, 2010 and it labelled down at 6312 point on January 20, 2011.  The amount siphoned off during the last six month specially was very preplanned sources added. Total market capital was Tk 3,68,000 Crore (Tk 3680 Billion) on December 5, 2010 which now collapsed to Tk 2,83,000 Crore (Tk 2830 Billion) on January 20, 2011. Total Capital reduces of Tk 85,000 Crore (850 Billion), which amount is channeled out by the Market Makers in the last one month, sources said. 

Shahrukh Khan, all time world biggest movie star

Shahrukh Khan born on 2nd November 1965, often credited as Shah Rukh Khan and informally referred to as SRK, is one of the greatest Indian film actors. He was born to Muslim parents of Pathan descent in New Delhi, India.His father, Taj Mohammed Khan, was an Indian independence activist from Peshawar, British India. According to Khan, his paternal grandfather was originally from Afghanistan. His mother, Lateef Fatima, was the adopted daughter of Major General Shah Nawaz Khan of the Janjua Rajput clan, who served in the Indian National Army. Khan's father came to New Delhi from Qissa Khawani Bazaar in Peshawar before the partition of India.  Regarding his origins, he described himself on Twitter as "i am half hyderabadi (mom) half pathan (Dad) some kashmiri (grandmom)..." His father died from cancer when Khan was 15 years old, and his mother died in 1990 after prolonged illness. Khan was very attached to his parents as a child and describes their early deaths ...