China lowers its GDP for 2014 to 7.3% from 7.4%

Noticias del mercado

7 septiembre 2015

China lowers its GDP for 2014 to 7.3% from 7.4%

China's National Bureau of Statistics (NBS) revised its gross domestic product (GDP) on Monday. The Chinese economy expanded 7.3% in 2014, down from a 7.4% growth reported earlier. It was the lowest growth since 1990.

The downward revision was driven by a weaker rise in the services sector than previously reported. The services sector rose by 7.8% in 2014, down from the previous estimate of a 8.1% increase.

The agriculture sector grew 4.1% in 2014, while the secondary sector increased by 7.3%.

China's economy expanded 7% in the first half of 2015.

German industrial production rises 0.7% in July

Switzerland: Foreign Currency Reserves, August 540

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