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China Focus: China braces for slower but better growth in 2015

2015-01-05 09:03:49       source:Xinhua News Agency

January 4, 2015

"As banks and economic think tanks anticipate the publishing of China's full-year 2014 economic data in late January, many are predicting slow but higher quality growth for the world's second largest economy in 2015.

The most recent report by Standard Chartered forecast China's gross domestic product (GDP) to further decelerate to 7.1 percent in 2015 from an expected 7.3 percent in 2014.

A more moderate growth rate with stable growth engines is being hailed as the "new normal" for China's economy."

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