China’s manufacturing revives in January
In 2014, the country’s economic expansion slowed to a 24-year low to post a growth rate of 7.4%. The deceleration in growth was attributed to weakness in manufacturing and trade as well as lower prices in the real estate sector.
According to media reports, China’s leadership is currently focused on avoiding a hard landing while adjusting to a “new normal” in which limitations on short term growth will be accepted for the sake of achieving more sustainable long-term expansion.
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