Mexican Media Brands
China’s Economic Growth Rate Slows to 26-Year Low
China’s gross domestic product expanded by 6.7% last year, down from 6.9% in 2015 to its lowest pace since 1990, according to the government’s National Bureau of Statistics.
#economics
Share
China’s gross domestic product expanded by 6.7% last year, down from 6.9% in 2015 to its lowest pace since 1990, according to the government’s National Bureau of Statistics.
The announcement comes as the governor of China’s Liaoning province acknowledges that his region doctored its economic reports from 2011 to 2014. Some economists believe China in general has been inflating its GDP data for years.
But Ministry Director Ning Jizhe declares the government’s data for 2016 “truthful and reliable.” He adds that statistics gatherers “on various level will also be strengthening the law enforcement, supervision and checks on figures.”
RELATED CONTENT
-
GM: The Drive to Profitability, Part 1
General Motors released rather impressive numbers for 2015.
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.