Around the world (China and international economy)
China’s economy slows down as it reaches its lowest growth rate in 25 years
Government figures indicate that growth reached 6.9 per cent in 2015. Growth in investment, a key economic driver, weakened to 12 per cent in 2015. As the government insists on the need to change the country’s development model "at any cost", it focuses on services and domestic consumption in lieu of manufacturing. However, this increases the risk of social instability as well as party repression.
Beijing (AsiaNews) – China's economy grew by 6.9 per cent in 2015, the lowest since 1990 (3.8 per cent) following the crackdown against the Tiananmen Square pro-democracy movement.
China's economic growth edged down to 6.8 per cent in the final quarter of 2015, slightly lower than the previous quarter (6.9 per cent). The October-December growth figure was in fact the lowest quarterly expansion since the aftermath of the global financial crisis, when growth slumped to 6.1 per cent in the first quarter of 2009. Growth in the July-September quarter of 2009 had been 6.9 per cent.
Beijing responded to ebbing growth by cutting interest rates six times since November 2014, and launched measures to help exporters and other industries, but disappointing results raise concerns about new loss of jobs. [link]
China's economic growth edged down to 6.8 per cent in the final quarter of 2015, slightly lower than the previous quarter (6.9 per cent). The October-December growth figure was in fact the lowest quarterly expansion since the aftermath of the global financial crisis, when growth slumped to 6.1 per cent in the first quarter of 2009. Growth in the July-September quarter of 2009 had been 6.9 per cent.
Beijing responded to ebbing growth by cutting interest rates six times since November 2014, and launched measures to help exporters and other industries, but disappointing results raise concerns about new loss of jobs. [link]
An analysis
For China, 2016 will be a black year, the party’s bitter fruit
by Wei Jingsheng
Washington (AsiaNews) - A new situation in the New Year that has received the most attention from everyone, and is also most important, is the economy. The changing economy is not only related to the survival of the Communist regime, but also to the livelihoods of every household in China.
Unfortunately, I have to report the bad news. In the year 2016, the economy in China will continue its decline and will becoming worse than it was in 2015. Although the Communist media is saying good words about the economy, and the foreign media that have been bought out by the regime are also helping from sidelines, neither still could conceal the accelerated decline of the economic situation in China. [link]
Unfortunately, I have to report the bad news. In the year 2016, the economy in China will continue its decline and will becoming worse than it was in 2015. Although the Communist media is saying good words about the economy, and the foreign media that have been bought out by the regime are also helping from sidelines, neither still could conceal the accelerated decline of the economic situation in China. [link]
