(MENAFN) As banks and economic think tanks expect the publishing of China's full-year 2014 economic data in late January, many are predicting slow but higher quality growth for the world's second largest economy in 2015, QNA reported.
The most recent report by Standard Chartered forecast China's gross domestic product (GDP) to further decrease to 7.1 percent in 2015from an expected 7.3 percent in 2014.
A more moderate growth rate with stable growth engines is being hailed as the "new normal" for China's economy.
During the third quarter of 2014, growth slip to a 7.3 percent low, a rate not seen since the 2008/2009 global financial crisis, dragged down by a housing slowdown, softening domestic demand and unsteady exports.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.