20-01-15 07:15 – Source: Reuters
Shanghai © Reuters
The Chinese economy grew by 7.4 percent in 2014. That is the weakest growth since 1990, according to today published figures from the Chinese statistical office.
This was the growth of the second economy in the world slightly below the target of the Chinese government, which on 7 5 percent had bargained for. In 2012 and 2013, China’s economy was still 7.7 percent ahead.
The Chinese economy is facing weaker global economy, a cooling property market and a less booming industry. To stimulate the economy, the interest rate in China is reduced and large infrastructure projects be accelerated.
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