Visit Indian Travel Sites
Goa,
Kerala,
Tamil Nadu,
Andhra Pradesh,
Delhi,
Rajasthan,
Uttar Pradesh,
Himachal Pradesh,
Assam,
Sikkim,
Madhya Pradesh,
Jammu & Kashmir
Karnataka
|
Economists fear China is sliding into a deeper financial crisis | Official data due to be released this week is expected to show China’s growth slowing to its lowest rate since the 2008 global financial crisis, according to a Wall Street Journal report, but some economists have warned that the true picture could be even worse. China’s National Bureau of Statistics is scheduled to report a second-quarter gross domestic product growth, and according to a Dow Jones poll of 15 economists, it is likely
to show the country’s economy grew by 7.6 percent from a year earlier. That is
down from 8.1 percent growth in the first quarter, and the slowest pace since
the first quarter of 2009. Some economists fear that the country’s growth is even
slower than official data suggests, which would compound fears that China is poorly
placed to help lift a slumping world economy. Economists have responded to long-standing
doubts about the reliability of official data by constructing their own indexes
of China 's growth. Typically these are based on measures, such as electricity
production, rail freight and real estate construction that should track growth
closely but are regarded as less prone to political interference. Capital Economic’s
proxy indicator suggests that China’s economy grew by around 7.6 percent in the
first quarter of this year, half a percentage point lower than the official GDP
figure.
|
|
|
|
|
|