Tradelines News

Get the latest news and updates on cross-border customs and international trade.

China Likely to Miss 2014 Growth Target

Posted January 20, 2015

Under Economic Issues, International Trade Issues

(RTT News)

China’s economy likely missed the government’s full-year growth target last year to mark the slowest growth in more than two decades, with the fourth quarter forecast to be the weakest since early 2009.

Official data due on Tuesday is expected to show that economic growth eased to 7.4% in 2014, the weakest since 1990. The government target was about 7.5% growth. Gross domestic product is forecast to grow 7.1% in the fourth quarter, the slowest expansion since the first three months of 2009. The economy expanded 7.3% in the third quarter.

The National Bureau of Statistics is also scheduled to release industrial output, retail sales and urban fixed asset investment data on Tuesday. Click here to read more.