BEIJING (AP) — China's economic growth waned to a five-year low of 7.3 percent last quarter, raising concerns of a spillover effect on the global economy but falling roughly in line with Chinese leaders' plans for a controlled slowdown. Employment, however, remained strong through the third quarter and the service industries such as retailing that leaders want to promote have done well this year despite the downturn, which has been focused largely in the property market, said economist Julian Evans-Pritchard of Capital Economics. Mark Zandi, chief economist at Moody's Analytics, estimates that each 1 percentage point drop in China's economic growth shaves 0.2 percentage point from annual U.S.
China Economy Grows At Slowest Pace In 5 Years
By IAN MADER, Associated Press, Seattle Post-Intelligencer: Business
Tue, 10/21/2014 - 10:35am
BING NEWS:
- China's slow April factory, services activity dents economic momentum
China's manufacturing and services activity both expanded at a slower pace in April, official surveys showed on Tuesday, suggesting some loss of momentum for the world's second-biggest economy at the ...
04/29/2024 - 3:57 pm | View Link - China's April factory activity grows at slower pace
China's manufacturing and services activity both expanded at a slower pace in April, official surveys showed on Tuesday, suggesting some loss of momentum for the world's second-biggest economy at the ...
04/29/2024 - 3:40 pm | View Link - GDP: US economy grows at 1.6% annual pace in first quarter, falling short of estimates while inflation increases
The US economy grew at its slowest pace in nearly two years last quarter as inflation topped Wall Street estimates. The Bureau of Economic Analysis's advance estimate of first quarter US gross ...
04/25/2024 - 1:33 am | View Link - US growth slowed sharply last quarter to 1.6% pace, reflecting an economy pressured by high rates
The U.S. economy is thought to have extended its surprisingly healthy streak at the start of this year, with consumers still spending freely despite the pressure of high interest rates ...
04/24/2024 - 5:06 pm | View Link - China GDP Grows 5.3% Even as Retail Sales and Output Miss Estimates
First-quarter GDP grows 5.3%, beating forecast March retail ... At the worst, it shows the economy’s potentially strong start to 2024 may already be fading There’s no silver lining in sight ...
04/16/2024 - 10:12 am | View Link - More
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