Categories
Economics & Trade

Commodities' price plunge bolsters China's Q1 GDP

China’s economy would have grown at under 6% in the first quarter of 2015 without a collapse in global commodity prices,The Financial Times reported. “It is quite worrisome,” said Bo Zhuang, a China economist at the consultancy Trusted Sources. “That is why the government’s policies have been much more aggressive [in recent months].” Beijing, which will release its second-quarter GDP estimate next week, has cut interest rates four times since November as part of continued attempts to keep growth steady at about 7%.

Leave a Reply

Discover more from China Economic Review

Subscribe now to keep reading and get access to the full archive.

Continue reading