Economy: China’s central bank expects further growth in 2015, with the damper – T-Online

Economy: China's central bank expects further growth in 2015, with the damper – T-Online

BEIJING (Reuters) – China’s growth could weaken further according to estimates by the Chinese central bank in the coming year. Economists expect the central bank in 2015, only a growth of 7.1 percent, as herovrogeht from a study published in Beijing at the weekend Studite. That would be something less than likely this year. For 2014, the central bank currently offers a 7.4-percent increase in gross domestic product (GDP) is the second largest economy in the world – it would be the weakest growth rate since 1990

In order for the growth of China is more forever. considerably higher than that of developed countries such as the United States or Germany. However, the country needs an exceptionally high growth to boost the still relatively low GDP per capita and reduce in large parts of the population still prevailing poverty. The government has to balance between a high growth and the threat of overheating find.

President Xi Jinping had also recently emphasized again and again that the days of double-digit growth rates once are over. He wants to counteract a sustainable increase in economic output and therefore attempts in some hyped-up areas. So also in the opinion of the Chinese central bank, weaker performance of the real estate sector the main reason for the subdued growth.