Mexican Media Brands
China’s Economy Expanded 7.4% in 2014
China's gross domestic product grew by 7.4% last year, down from 7.7% in 2013, according to the National Bureau of Statistics.
#economics
Share
China's gross domestic product grew by 7.4% last year, down from 7.7% in 2013, according to the National Bureau of Statistics. It was the slowest pace in 24 years,
GDP expanded 7.3% in October-December, the same as the previous quarter and the fourth quarter of 2013. Factory output last month rose 7.9%, compared with December rates of 8.3% in 2014 and 9.7% in 2013.
Beijing has described last year's growth rate as the "new normal." But some economists predict the central government will stimulate the economy to generate more jobs.
RELATED CONTENT
-
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.
-
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.
-
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.