Communications Bank: China may reach its 7.5% growth target in 2014 . . . . . . . . . . . . A report released today by the Bank of Communications in China showed the ability of Chinese economy to achieve its targeted 7.5 percent growth rate this year, which targeted by Li Keqiang’s government who confirms his ability to reach the growth target despite the recent economic slowdown. Moreover, the bank estimated also a slight slowdown in inflation rates, while Chinese exports is estimated to rose to 6.5% in 2014 inline with consumer prices to 2.2% for the year. Furthermore, Chinese economy showed signs of recovery during the recent period led by manufacturing sector and its PMI index, after a period of slowed economic performance which negatively affected on the world’s second largest economy. On the other side, current provided stimulus measures by Chinese government boosted the nation’s economy to recover, where it’s expected to notice further stimulus packs during the upcoming stage to maintain recovery pace. Chinese government confirmed recently its confidence in Chinese economic ability to reach the targeted growth rate, especially after the recent Manufacturing PMI data which boosted the nation’s economic outlook. #egyptyard
Posted on: Fri, 04 Jul 2014 11:39:58 +0000
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