Mexican Media Brands
China’s Economy Expands 7.8%
China's economy, whose growth slowed to a 20-year low of 7.5% in the second quarter, expanded by 7.8% in July-September, according to the country's National Bureau of Statistics.
#economics
Share
China's economy, whose growth slowed to a 20-year low of 7.5% in the second quarter, expanded by 7.8% in July-September, according to the country's National Bureau of Statistics.
The NBS says more than half the third-quarter growth came from spending on factories and other fixed assets. Domestic consumption accounted for 3.7 percentage points.
The Associated Press notes that analysts attribute the uptick to government stimulus spending and caution that worldwide demand for Chinese goods remains relatively weak. The NBS acknowledges that China's trade was so weak that it subtracted 0.1 percentage point of growth in the previous quarter.
Beijing has indicated that it wants to maintain a growth rate somewhere above 7.5%. The International Monetary Fund predicts China's economy will expand 7.6% this year, the weakest pace since the early 1990s.
AP points out that some private forecasters expect China's growth in 2015 to drop below 7%.
RELATED CONTENT
-
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.
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
MTU Research to Boost Fuel Economy ~20%
Researchers are using V2X communications and other methods to provide vehicles with a significant increase in fuel economy.