综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Business / Economy

Local growth bottoms out in second quarter

By Zheng Yangpeng (China Daily) Updated: 2014-07-22 07:30

First-half growth slowed in many provinces this year, although it picked up in the second quarter compared with the first as top-down stimulus measures kicked in and local governments took pro-growth steps of their own.

Of the 11 regions that have so far released first-half GDP statistics, just one-the northwestern province of Qinghai-achieved double-digit expansion.

The overall low level of growth was very unusual in the past few years. Western regions, whose growth rates easily surpassed 10 percent previously, have descended into single-digit territory, with GDP growth slipping by as much as 3.7 percentage points compared with 2013.

Local growth bottoms out in second quarter
China's H1 growth up 7.4%, showing economic resilience 
Local growth bottoms out in second quarter
Top 10 regions with highest GDP in China 
However, almost all regions delivered a better performance in the second quarter than the first, with just one exception: Xinjiang's growth in the first half slowed by 0.2 percentage point over that of the first quarter alone.

Southwestern Yunnan province experienced the largest improvement, with growth accelerating from 7.7 percent in the first quarter to 8.4 percent for the first six months. Economic powerhouse Guangdong saw its growth rise from 7.2 percent to 7.5 percent.

Other regions' first-half growth rates edged up 0.1 to 0.4 percentage point.

Regional governments did not provide separate growth data for the second quarter.

The marginal improvements are being mainly attributed to a raft of stimulus measures adopted since April. These measures, including more spending on railways, public housing and infrastructure, helped arrest the significant slowdown in the first quarter, analysts said.

China's economic growth picked up slightly to 7.5 percent in the second quarter.

Recent signs indicated that Premier Li Keqiang is increasingly serious about the 7.5 percent annual growth target. He said last week the government "must ensure" the goal is met.

The unexpectedly hefty increase in bank loans in June was taken as a signal of the government's seriousness. Chinese banks lent 1.08 trillion yuan ($174 billion) in June, nearly 20 percent above market expectations. Fiscal spending in June surged 26.1 percent, after a 24.6 percent expansion in May.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
密山市| 三门峡市| 望谟县| 凯里市| 随州市| 望江县| 西宁市| 汪清县| 铁岭县| 徐州市| 巩留县| 天峨县| 山西省| 阳西县| 集安市| 广汉市| 肃宁县| 濉溪县| 安乡县| 福泉市| 东源县| 年辖:市辖区| 鄂伦春自治旗| 萨嘎县| 怀仁县| 亳州市| 晋宁县| 云浮市| 桦川县| 五原县| 丰顺县| 拜泉县| 临高县| 安康市| 涟源市| 镇坪县| 沐川县| 仁化县| 喀喇沁旗| 平阳县| 大厂|