Mexican Media Brands
China’s Economic Growth Rate at 14-Year Low
China's gross domestic product expanded at a relatively modest 7.7% in 2013, its slowest pace since 1999, according to the country's National Bureau of Statistics.
#economics
Share
China's gross domestic product expanded at a relatively modest 7.7% in 2013, its slowest pace since 1999, according to the country's National Bureau of Statistics.
The agency cautions that reaching 7.7% growth last year "was no small achievement" and adds that "fundamental of the economic recovery are still not stable."
Analysts predict growth of about 7.5% this year, as China's central planners implement reforms to steady the rate of expansion. The government has said it wants to shift the drivers of economic expansion from exports and government-backed infrastructure projects to domestic spending and services.
RELATED CONTENT
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future