even China is falling


While 7% growth would be the envy of most economies, Beijing says at least this level is needed to create enough jobs for China’s huge population. The Communist Party sees social stability as an essential component in maintaining its grip on power.


China’s National Bureau of Statistics said Jan. 20 that GDP growth in 2014 was 7.4%, the lowest annual growth since 1990. It also missed the country’s target of 7.5% growth, the first time that has happened since 1999. GDP in the fourth quarter was 7.3% the agency also said.

The International Monetary Fund, Jan. 20, cut its global economic growth forecast for 2015-16 by 0.3 % to 3.5% and 3.7%, respectively. The revision came after reassessing economic prospects in China, Russia, the euro zone, and Japan as well as weaker economic activity in some major oil exporting countries, the IMF said.

Advertisements

Leave a comment

Filed under Cuba, EDUCATION, ENGLISH, España, HUMAN HEALTH, México, NADA, Podemos, PSICOLOGÍA, Silvio Rodríguez Domínguez, Silvio Rodriguez, USA, Venezuela

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s