China posts lower than expected growth

April 13th, 2012

FAKE NEWS for the Zionist agenda

According to the bureau, China’s annual rate of GDP growth reduced from 8.9 percent to 8.1 percent in the past three months.

However, the country’s economic experts say the slowdown has been deliberately engineered.

“China’s rate of economic growth has dropped. In addition to changes in domestic and international economic conditions that have resulted in the slowdown of demand, the drop in growth has been the result of the Chinese government’s voluntarily adjustments,” said Sheng Laiyun of the National Bureau of Statistics.

On April 12, the World Bank lowered its forecast for China’s 2012 economic growth to 8.2 percent from 8.4 percent previously.

“Domestically we see the tightening of policy impacting primarily on investment, both the withdrawal of the big stimulus package and the investment into areas like the property sector started to slow down. But in contrast, the bright spot in the economy has been consumption which has remained strong as employment has been high as consumer confidence has been sustained and as real wages have grown strongly,” explained Ardo Hansson, the World Bank Lead Economist for China.

The World Bank however, announced that it had raised its 2013 growth forecast for China to 8.6 percent, from 8.3 percent.

Experts believe China’s economy is headed towards a soft landing despite the slowdown, as there is great potential for boosting consumption in second and third- tier cities in China’s vast interior which will empower the whole economy.

TNP/JR