CONF: China’s economic growth slows on less investment
Oct 24, 2019 14:50
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China’s economic growth has been declining further mainly due to low rises in investments nationwide especially in the domestic real estate and manufacturing sectors, stated Zhang Liqun, the research fellow of Department of Macroeconomic Research of Development Research Center of the State Council, on the 10th China Ferroalloy Industry Conference 2019 in Hangzhou, East China’s Zhejiang province.
2019 is the ninth straight year for China’s economic growth to decline, Zhang pointed out, as China’s GDP growth for 2010 was 10.6%, while over the first three quarters of this year, it went down to a 6.2% year-on-year growth, he quoted the data from the country’s National Bureau of