As one of the BRICS and one of the fastest developing economies, any news about the economic situation of China always catches the eye.
Coming down from double-digit GDP growth to a single digit level was perhaps not a welcome scenario, while concerns in 2013/2014 about the state of the country’s steel sector would also have raised eyebrows.
A recent announcement from the National Bureau of Statistics of the People’s Republic of China gives refreshing news that China’s GDP growth in the first half of 2014 was 7.4%, 0.2% down from the same period last year, showing that GDP growth has somewhat stabilised. In fact, China’s GDP growth in Q1 and Q2 2014 – compared with the same period last year – is 7.4% and 7.5%, respectively.
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