Tuesday, Dec 18th

LATEST:
You are here: Business Business China sees steady economic growth of 'around' 7%

Best_of_2015_587x57_Results

China sees steady economic growth of 'around' 7%

chinaeconomyBEIJING--China's economic growth will be largely stable in the third quarter as the impact from a stock market plunge will be limited, the National Bureau of Statistics said on Friday.
  Bureau spokesman Sheng Laiyun also defended the accuracy of Chinese data - amid widespread scepticism - saying that the 7 percent growth pace reported for the first half was "generally in line with" changes in the country's power consumption, rail freight and bank lending in that period.
  Chinese officials have been trying to reassure global markets that Beijing is able to manage the world's second-largest economy, after a shock devaluation of the yuan and a stock market plunge fanned fears of a sharp growth slowdown. Sheng said China's economic growth in the third quarter will not deviate much from the 7 percent annual pace Beijing reported for the second quarter.
  "Judging from indicators in July and August, we feel that the economic trend is still stable, there may be some deviation, up or down, but it won't be big," he told a briefing.
  China's economic growth remains within a "reasonable range" and the government will be able to achieve its annual growth target of "around" 7 percent this year, despite some downward pressures, Sheng said.
  A run of downbeat data, including factory output and investment, showed the economy may have lost further momentum in the third quarter, raising the possibility that full-year growth rate may fall below 7 percent. Sheng said his "personal view" was that full-year growth between 6.5 percent and 7.5 percent would be considered as "around" 7 percent. The bureau is due to publish third-quarter GDP data on Oct. 19.
  Sheng also said that China's survey-based unemployment rate in August stood at around 5.1 percent.
  Global investors and policymakers are on edge over China after the U.S. central bank a week ago held off from raising interest rates, saying it was unsure if international problems, and China's slowdown in particular, will hurt the U.S. recovery. An interest rate hike in the United States will have only limited impact on China, Sheng said.
  He said China's economic slowdown was partly due to weaker global demand and expectations of the U.S. rate rise have contributed to the global financial market volatility. "The United States should not exaggerate the impact of China's growth slowdown on the global economy," Sheng said.

Image
St. Maarten midday Weather Forecast for Saturday
Saturday, 17 October 2015
DATE ISSUED: Saturday, October 17, 2015 @ 12:00 LST (16:00 UTC) VALID UNTIL: Sunday midday (12:00... Read more...
Image
SHTA poll: Businesses want anti-ship-jumping legislation
Saturday, 17 October 2015
Click here for SHTA graph pdf PHILIPSBURG--The St. Maarten Hospitality and Trade Association... Read more...
Image
Dominica’s tourism sector ready to welcome visitors after TS Erika
Friday, 16 October 2015
ROSEAU, Dominica--“Dominica is open for business and ready to welcome visitors to its shores.”... Read more...
Image
Reparations Committee: Withdraw Queens’ names from Suriname’s highest mountains
Thursday, 15 October 2015
PARAMARIBO--Suriname’s National Reparations Committee NRCS has filed a request with President... Read more...
Image
Ex-US House Speaker Hastert to plead guilty in hush-money case
Friday, 16 October 2015
CHICAGO--Former U.S. House Speaker Dennis Hastert is expected to plead guilty in a hush-money case... Read more...
Image
Hillary Clinton to 'look hard' at Julian Castro as possible VP pick
Friday, 16 October 2015
WASHINGTON--Democratic presidential contender Hillary Clinton won the backing of Housing and Urban... Read more...
Image
Half a million Yemen children face severe malnutrition
Friday, 16 October 2015
GENEVA--More than half a million children in Yemen face life-threatening malnutrition as a risk of... Read more...
Image
Modi to open 70-year-old files in challenge to Gandhi dynasty
Friday, 16 October 2015
NEW DELHI--Prime Minister Narendra Modi says he will seek to unravel one of India's most enduring... Read more...
Image
Cuba in cash crunch due to low commodity prices, Venezuela woes
Friday, 16 October 2015
HAVANA--Low commodity prices, a drought at home and Venezuela's economic crisis have created a cash... Read more...
Image
Apple's newest courtroom foe is patent-savvy university
Friday, 16 October 2015
NEW YORK--As a veteran of the global smart phone wars, Apple is used to courtroom battles with... Read more...
Image
Focus needs to be on fighting crime & helping unemployed
Friday, 16 October 2015
Dear Editor, With all of the political situation on the island, we can't lose focus on some of the... Read more...
Image
Had enough
Friday, 16 October 2015
Dear Queenie, My brother died years ago but his widow stayed close to our family. Eventually she... Read more...
Image
RBC St. Maarten Little League School Tournament
Saturday, 17 October 2015
Sister Marie Laurence defeated Leonald Conner in the RBC St. Maarten Little League School... Read more...
Image
Nadal trounces Wawrinka, Djokovic tames Tomic
Friday, 16 October 2015
CHINA-- Former world number one Rafa Nadal displayed more signs of a return to top form with a... Read more...
Image
Junk shop photo spurs quest to confirm Billy the Kid image
Friday, 16 October 2015
DENVER--For the $2 he spent to buy three old photographs, Randy Guijarro may have hit the mother... Read more...
Image
Few signs of improvement for NBA star Odom after collapse
Friday, 16 October 2015
LAS VEGAS--Pro basketball and reality TV star Lamar Odom spent a third day hospitalized on... Read more...
Image
Bruney cruises into retirement
Friday, 16 October 2015
~ After three decade in cruise industry ~   By Alita Singh   Frank Bruney has seen tiny... Read more...
Image
ALL HANDS ON DECK, WE MADE IT!
Friday, 16 October 2015
~ Fair Transport Sailing Vessel Nordlys is launched ~   St. Maarten has been graced by the... Read more...
Editorial - Anybody’s guess
Saturday, 17 October 2015
Governor Eugene Holiday has decided to seek legal clarity on the current constitutional impasse.... Read more...
Editorial - Time is up
Friday, 16 October 2015
With so much ongoing constitutional turmoil, the fact that more than 100 people attended the... Read more...
Image
Saturday Oct. 17, 2015
Friday, 16 October 2015
Image
Friday Oct. 16, 2015
Friday, 16 October 2015
Notices October 16
Friday, 16 October 2015
General Meeting St. Maarten Professional Softball Association (SMPSA) general meeting for the... Read more...
Notices October 15
Thursday, 15 October 2015
General Meeting S.M.P.S.A. general meeting for the softball season 2016 will be held at Sundial... Read more...