Mexican Media Brands
China’s GDP Growth Picks Up
Chinese gross domestic product, which grew 7.4% in July-September 2012, expanded 7.9% in the final three months of the year, according to the National Bureau of Statistics.
#economics
Share
Chinese gross domestic product, which grew 7.4% in July-September 2012, expanded 7.9% in the final three months of the year, according to the National Bureau of Statistics.
The acceleration followed seven consecutive quarters of slowing growth. Analysts say the improvement was caused by state infrastructure investments and government stimulus measures to spur consumer spending and business borrowing.
For the full year, growth in China's GDP decelerated to 7.8% the slowest rate in 13 years from 9.3% in 2011.
Separately, the statistics office reports that retail sales jumped 15.2% last month compared with December 2011. Industrial production climbed 10.3% year over year in December. For the 12-month period, retail sales rose 14% and industrial output gained 10%.
RELATED CONTENT
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
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
-
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.