Tuesday, 02 January 2024 12:17 GMT

China's economy to hit 7.5 percent in 2014


(MENAFN) China is expected to record the same level of economic growth at about 7.5 percent this year, as the government plans to stabilize its economic growth, according to Qatar News Agency



The government has set the goal of economic growth at 7.5 percent for the third year in a row



China's economy grew to 7.7 percent in 2013, exceeding the 7.5 percent goal. However, manufacturing activity softened in the last few months, posing a threat on the growth outlook



It expected a budget deficit of USD160 billion, and a 13 percent rise in broad money supply in 2014


MENAFN

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