Economic Growth in China Down
by China’s economy which is the world’s second largest economy, is currently experiencing a delay in growth rate. Not only that, there is a growing tendency to decline. The condition occurs more than two years.
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Recent data from the local government showed gross domestic product increased from the previous year by 8.9 percent in the three months to the end of December. However, the number actually went down from 9.1 percent in the previous quarter. Bureau of Statistics data also showed that growth for the full year was 9.2 percent. That figure is down from 10.4 percent in 2010.
Analysts expect China’s economic growth this year will also decline and slow. “Looking at the rest of the year 2012, you will see a sharper slowdown in the first quarter, due to the effects of monetary tightening”
In fact, previous China is one of the fastest countries in economic growth in recent years. However, the stimulus measures adopted by governments has created a risk of asset bubbles. This led to China’s economic growth slowed and declined.
Several measures have been taken, including limiting loans to prevent overheating in the property and investment markets, as well as to tighten monetary supply.
Data issued by the local National Bureau of Statistics report, on Tuesday (17 / 1), also showed that real estate investment in China reached 27.9 percent in 2011, down from 29.9 percent last year, between January and November .
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