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Sunday, April 28, 2013

I wonder of the impact but its TRUE

Till now China has been shrugging off the news of slowdown but now it's been confirmed.
It caught many economist by surprise it's decelerating much faster than anticipated. GDP growth of First Quarter which was 7.7 percent was below then 8% which Bloomberg had predicted.
Another reason which was in news that Beijing prefers slow economy growth.  China’s new Premier, Li Keqiang, has said in a conference that with a focus on promoting economic restructuring and upgrading, they are putting more effort on quality not on quantity.


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