国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Economy

China's local GDP data points to recovery, rebalancing

(Agencies) Updated: 2014-07-31 10:49
China's local GDP data points to recovery, rebalancing

Containers are transported at Nansha port in Guangzhou, Guangdong province, June 26, 2014. [Photo/Agencies]

China's regional economies enjoyed a revival in growth in the second quarter, data from provincial governments showed, chiming with earlier figures that suggest a burst of government stimulus measures is re-invigorating activity.

Of the 30 regions and provinces that released their local gross domestic product (GDP) data, 23 reported first-half economic growth accelerated from the first quarter.

About three-quarters posted growth that was higher than the national average of 7.4 percent in the first six months.

China's local GDP data points to recovery, rebalancing
Infographic: China's economic performance in H1, 2014
China's local GDP data points to recovery, rebalancing
Top 10 regions with highest GDP in China
Growth also diverged sharply between eastern and western China. The coastal and northeastern regions fared the worst, while activity was most buoyant in the central and western areas, where double-digit growth rates were concentrated.

Analysts said this suggested China's bid to rebalance its economy is paying off.

From redefining job targets to shifting investment to inland areas and cutting obsolete capacity in energy-guzzling sectors in the north, China wants to overhaul the world's second-largest economy and encourage more sustainable and higher-quality growth.

"The growth gap is an expected result of Beijing's efforts to rebalance regional economies and let the fruits of growth be more evenly shared by the poorer inland regions," said Nie Wen, an analyst at Hwabao Trust in Shanghai.

In Hebei -- China's top steel producer -- for instance, GDP growth stayed sluggish in the first six months, even though activity picked up slightly to 5.8 percent compared with 4.2 percent in the first quarter.

Hebei's drowsy performance is in part due to its efforts to remake itself. Hebei wants to slash total steel capacity by 60 million tons by 2017 and to shut more outdated steel mills this year to cut air pollution in northern China.

Similarly in the northeastern Heilongjiang province, the only province that has not released its GDP data, a local statistician who declined to be identified said first-half GDP growth was likely to be the lowest in China at under 5 percent.

A hub for China's heavy industry and a major coal producer, Heilongjiang was also the weakest performer in the first quarter, when its GDP growth fell to 4.1 percent.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
黔西县| 射阳县| 新巴尔虎左旗| 临海市| 濉溪县| 洛宁县| 宁远县| 泰安市| 福安市| 玉环县| 左云县| 舟曲县| 玛多县| 惠来县| 慈利县| 磐安县| 门头沟区| 板桥市| 宁明县| 昌邑市| 大连市| 图木舒克市| 皮山县| 大英县| 江西省| 保亭| 锦屏县| 文成县| 志丹县| 江西省| 迭部县| 闽清县| 米林县| 辽源市| 龙州县| 维西| 阳信县| 三都| 余姚市| 大姚县| 平陆县|