外文标题：China’s economy in worst downturn in a generation
China's economic growth rate is likely to cool further this year, restrained by sluggish lending, a housing slump and weak global demand, a Reuters poll showed.
The world's second-largest economy is predicted to grow 7 per cent in 2015, and slow further to 6.8 per cent next year, according to the median consensus of over 40 economists polled Jan. 15-19.
On Tuesday, data are likely to show China's economy expanded 7.2 per cent in the final quarter of 2014, the slowest pace since the depths of the global financial crisis.
Beijing is in the midst of its worst downturn in a generation, induced in part by government efforts to transform the economy away from a heavy reliance on investment and exports and towards consumption and services.
They are maintaining high export even at difficult times and they might bounce back after sometime.,
China is an export driven economy and by PPP she has the world's largest economy. If she slows down it is mainly due to her customers such as the US slowing down. There are 92 million Americans out of work, 46 million on food stamps. the few hundred thousand who did get jobs should not have made a great difference. .Europe the 2nd biggest market for China is also in an economic malaise. China is also the world's largest consumer of raw products. He economy slowing down will have a global impact..
Some cooling off periods are good for Chinese Economy..
This is an important piece of news because China routinely exaggerate about their economy.
its China.. they will bounce back...
This growth rate is still a dream for India. I don't understand what those China-haters are cheering about. 7% gorwth means US$700 billion added to GDP, that's 1/3 of India's total GDP. Those Indians get this message: Chind still adds 1/3 of India's GDP each year!!!!
amazing how bigger they made of themselves and still can pull out 8% growth! india need to copy policy from china not US.
google Ghost city of china. China had grown due to rekcless investment now chicken coming to roost
I believe this would put Europe in Recession Again and EU would Print Euro Currency to Stimulate the Economy.
they have concentrating on mass production and not quality production.
NO PROBLEM FOR CHINA--THEY CAN DUMP THEIR GOODS TO POOR POKISTAN--ASTAGFIRULLAH
Now the time is for India , now world will see Indian growth story soon we will be leaders and in double digit growth .