>> ASIAONE / BUSINESS / NEWS / STORY
China's GDP hits low
Wed, Apr 15, 2009
Reuters

BEIJING - CHINA'S annual GDP growth slipped to a record low in the first quarter, but the quarter-on-quarter increase might point to a recovery, a domestic news portal reported on Wednesday.

'China's annual GDP growth in the first quarter was higher than 6.0 per cent, but lower than the 6.8 per cent increase in the fourth quarter of 2008,' according to the the Shanghai Securities News website.

Anything less than 6.8 per cent would be the lowest since China's quarterly growth records began in 1992. The article did not identify its sources.

It also cited Southwest Securities analyst Dong Xian'an as saying that annualised quarterly growth was 6 per cent in the first quarter, compared with 1 percent in the last three months of 2008.

'Last year's fourth quarter was the bottom for our economy and currently economic growth is evidently recovering,' he was paraphrased as saying.

The National Bureau of Statistics will announce GDP growth and other economic data for the first quarter at 2am GMT (10am Singapore time) on Thursday.

Economists polled by Reuters forecast that China's economy grew at an annual rate of 6.3 per cent in the first quarter.

 

 
STORY INDEX
 
  China's GDP hits low
   
 
  Flow of funds easing
   
 
  Fiji devalues currency by 20%
   
 
  Thailand aims to revive economy after protests end
   
 
  In tough times, more suck up to the boss
   
 
  UBS to cut 8,700 jobs
   
 
  More vasectomies, less newspapers
   
 
  Singapore Feb retail sales up 10.5%
   
 
  Malaysia economy to shrink 2.2%: Think tank
   
 
  Intel CFO still worried
   
>> RELATED STORY
China's GDP hits low
Malaysia economy to shrink 2.2%: Think tank
Evolving the China way of management
China's trade surplus $28.2b
China suggests replacing US dollar

Elsewhere in AsiaOne...

Investor Relations: Four Singapore firms invest $127m in Tianjin

News: China wants talks to go on

Wine,Dine&Unwind: Finding oneself in the shadow of a monk

Travel: Hidden gem of China... just a 3-hour flight from S'pore

Health: HFMD outbreak in China

Motoring: China braces for gridlock

Digital: Skype's China spying sparks anger

Multimedia: 16 killed in China ahead of Games

 

We welcome contributions, comments and tips.
a1admin@sph.com.sg