China's GDP to grow 7.5% in 2014: HSBC
Chinese exporters focus on domestic market amid declining overseas orders
Beijing
THOUGH some economic indicators point to slower third-quarter growth for the Chinese economy, banking giant HSBC has stuck to its forecast of 7.5 per cent GDP (gross domestic product) growth in 2014.
China's economy bottomed out in the second quarter, with an above-consensus GDP print at 7.5 per cent, and has continued on the path of recovery, HSBC said in its latest research report to clients.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons