Mexican Media Brands
China’s Economy Expanded 6.8% in First Quarter
China reports that its gross domestic product expanded 6.8% in January-March compared with the same period in 2017.
#economics
Share
China reports that its gross domestic product expanded 6.8% in January-March compared with the same period in 2017.
The country’s central government predicts the economy, which grew 6.9% last year, will gain about 6.5% in 2018.
A slightly slower growth rate is widely expected this year. Analysts point to government attempts to tighten borrowing, throttle real estate speculation, close down antiquated factories and shift China’s economic base from trade and investment to more sustainable consumer spending.
China’s trade surplus with the U.S. expanded again. But the country’s total export volume in March shrank 3%, resulting in a rare monthly trade deficit.
RELATED CONTENT
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.