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Despite more slumping growth in China, economic restructuring is progressing as plannedss For the past two years, China’s economy has slowed down. According to statistics released by the National Bureau of Statistics (NBS) on July 15, China’s gross domestic product (GDP) grewby7.6percentinthefirsthalfoftheyear. In the second quarter, the GDP growth was a mere 7.5 percent, the second lowest showing since the fourth quarter of 2010. But skeptics be warned: The slower growth doesn’t mean you can dismiss China’s economy just yet. NBS spokesman Sheng Laiyun says China’s economic
Despite more slumping growth in China, economic restructuring is progressing as planned for the past two years, China’s economy has slowed down. According to statistics released by the National Bureau of Statistics (NBS) on July 15, China’s gross domestic product (GDP) grewby7 In the second quarter, the GDP growth was a mere 7.5 percent, the second lowest showing since the fourth quarter of 2010. But skeptics be warned: The slower growth does not mean you can dismiss China’s economy just yet. NBS spokesman Sheng Laiyun says China’s economic