Pakistanis angry over detentions in Times Sq. case Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
Minister seeks closure of anti-Berlusconi websites Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Home
Business
Business Home
Economy
Technology
Media
Small Business
Legal
Deals
Earnings
Social Pulse
Business Video
The Freeland File
Markets
Markets Home
U.S. Markets
European Markets
Asian Markets
Global Market Data
Indices
M&A
Stocks
Bonds
Currencies
Commodities
Futures
Funds
peHUB
World
World Home
U.S.
Brazil
China
Euro Zone
Japan
Mexico
Russia
India Insight
World Video
Reuters Investigates
Decoder
Politics
Politics Home
Election 2012
Tales from the Trail
Political Punchlines
Supreme Court
Politics Video
Tech
Technology Home
MediaFile
Science
Tech Video
Tech Tonic
Social Pulse
Opinion
Opinion Home
Chrystia Freeland
John Lloyd
Felix Salmon
Jack Shafer
David Rohde
Bernd Debusmann
Nader Mousavizadeh
Lucy P. Marcus
David Cay Johnston
Bethany McLean
Edward Hadas
Hugo Dixon
Ian Bremmer
Lawrence Summers
Susan Glasser
The Great Debate
Steven Brill
Jack & Suzy Welch
Frederick Kempe
Christopher Papagianis
Breakingviews
Equities
Credit
Private Equity
M&A
Macro & Markets
Politics
Breakingviews Video
Money
Money Home
Tax Break
Lipper Awards 2012
Global Investing
MuniLand
Unstructured Finance
Linda Stern
Mark Miller
John Wasik
James Saft
Analyst Research
Alerts
Watchlist
Portfolio
Stock Screener
Fund Screener
Personal Finance Video
Money Clip
Investing 201
Life
Health
Sports
Arts
Faithworld
Business Traveler
Entertainment
Oddly Enough
Lifestyle Video
Pictures
Pictures Home
Reuters Photographers
Full Focus
Video
Reuters TV
Reuters News
Article
Comments (0)
Counterparties: Today's Best Links
How Americans' net worth plummeted
The median net worth of American families fell by a whopping 40 percent between 2007 and 2010, according to disturbing new research by the Federal Reserve. Read more at Counterparties
How "work-sharing" could help the unemployed
Jamie Dimon upped JPMorgan's risky hedges
Get Counterparties delivered to your inbox!
Follow Reuters
Facebook
Twitter
RSS
YouTube
Read
China ready to impound EU planes in CO2 dispute
12 Jun 2012
Aging Microsoft lures young tech idealists
12 Jun 2012
UPDATE 3-US worried Russia may be sending Syria helicopters
12 Jun 2012
Zynga shares dive as Facebook game craze wanes
12 Jun 2012
Analysis: Apple's big enemy in smartphone wars: delay
12 Jun 2012
Discussed
136
Exclusive: Drones ”inhumane”, dead al Qaeda man’s family says
109
Obama: U.S. economy ”not doing fine”, action needed
69
China could impound European planes in carbon row
Watched
Jolie releases video for U.N. World Refugee Day
Tue, Jun 12 2012
UN says Syrian children used as human shields
Tue, Jun 12 2012
Syrian rebels seize military base
Mon, Jun 11 2012
Pictures
Reuters Photojournalism
Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more
Escape from Alcatraz
This week marks the fiftieth anniversary of the daring three man escape from the island prison. Slideshow
Colorado wildfire
The High Park Fire has scorched an estimated 43,000 acres. Slideshow
China second-quarter GDP growth may dip below 7 percent: government adviser
Tweet
Share this
Email
Print
Related News
REFILE-UPDATE 2-Longer UK slump looms as manufacturing falters
Tue, Jun 12 2012
Spain bailout rally brief as Wall Street slides
Mon, Jun 11 2012
Global stocks, euro fall on Spain bank bailout uncertainty
Mon, Jun 11 2012
Copper rallies on China import data, Spain aid
Mon, Jun 11 2012
RPT-WRAPUP 3-China loans rise could show govt steps gain traction
Mon, Jun 11 2012
Analysis & Opinion
India Market Weekahead: Book out partially to play safe
As financial conditions tighten, Fed may have to run to stay in place
Related Topics
World »
China »
Shipping containers are loaded onto trucks at Dayaowan port of Dalian, Liaoning province June 10, 2012.
Credit: Reuters/Stringer
BEIJING |
Wed Jun 13, 2012 4:12am EDT
BEIJING (Reuters) - China's annual economic growth could fall below 7 percent in the second quarter if weak activity persists in June, an influential government adviser was quoted on Wednesday as saying.
The forecast by Zheng Xinli, a former deputy director of the Chinese communist party's policy research office, is among the most bearish by any government and private sector economists.
"GDP growth in the second quarter could fall below 7 percent if there is no significant improvements in economic data for June," the overseas edition of the People's Daily quoted Zheng Xinli, now deputy head of the China Center for International Economic Exchanges (CCIEE), a top government think-tank, as saying.
China's industrial output growth usually outpaces GDP growth by 3-5 percentage points, the newspaper cited Zheng as saying.
China's industrial output rose 9.6 percent in May from a year earlier, picking up slightly from a three-year low of 9.3 percent stuck in April.
Analysts forecast in a Reuters benchmark poll in May that China would deliver its weakest quarter of growth in three years in the second quarter at 7.9 percent, which would also mark the sixth straight quarter of slower growth. They forecast full year growth of 8.2 percent.
The same newspaper article quoted Jia Kang, head the Finance Ministry's think-tank, as predicting China's economic growth could bottom out in the second quarter.
"If everything goes smoothly, economic growth could hit a trough in the second quarter and, if the situation is worse, that may happen in the third quarter," Jia was quoted as saying.
The government is due to publish second-half economic indicators in mid-July.
The government has been stepping up policy steps to combat the slowdown, cutting interest rates last week for the first time since the depths of 2008/09 global crisis while fast tracking infrastructure and industrial investment projects.
But the government cannot make a fundamental policy shift and relax its curbs on the property sector, although it needs to step up policy fine-tuning to support the economy, Jia said.
A flurry of data over the weekend explained China's surprise cut in interest rates by showing the extent of the domestic economy's weakness.
Inflation, industrial output and retail sales all flagged in May for a second straight month of sluggish growth, but exports and imports were much better than forecast as stronger U.S. demand helped offset weakness in Europe stemming from the region's debt crisis.
Still, the trade situation is relatively grim, the official Xinhua news agency on Monday quoted Commerce Minister Chen Deming as saying.
"If lucky, we will be able to keep annual growth of around 10 percent," he said, referring to exports and imports.
(Reporting by Kevin Yao; Editing by Kim Coghill)
World
China
Tweet this
Link this
Share this
Digg this
Email
Reprints
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (0)
Be the first to comment on reuters.com.
Add yours using the box above.
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Back to top
Reuters.com
Business
Markets
World
Politics
Technology
Opinion
Money
Pictures
Videos
Site Index
Legal
Bankruptcy Law
California Legal
New York Legal
Securities Law
Support & Contact
Support
Corrections
Connect with Reuters
Twitter
Facebook
LinkedIn
RSS
Podcast
Newsletters
Mobile
About
Privacy Policy
Terms of Use
AdChoices
Copyright
Our Flagship financial information platform incorporating Reuters Insider
An ultra-low latency infrastructure for electronic trading and data distribution
A connected approach to governance, risk and compliance
Our next generation legal research platform
Our global tax workstation
Thomsonreuters.com
About Thomson Reuters
Investor Relations
Careers
Contact Us
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.