Chen Dongqi: China's GDP growth between 7.5% and 7.6% in H1

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Source: Marketwatch
China's GDP grew at a pace between 7.5% and 7.6% in the first half of this year, according to Chen Dongqi, researcher at the National Development and Reform Commission. He urged the government to design more proactive policies such as tax reductions to stimulate domestic consumption and support exports. Moreover, a reasonable amount of investments in infrastructure has to be insured, Chen Dongqi added.


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Mon, 02 Jul 2012 06:31:31 GMT

Australian PMI contraction eased last month

Australian manufacturing sector continued to shrink last month; however, the pace of contraction slowed, reported Australian Industry Group. The country's PMI added 4.8 points on a seasonally adjusted basis in June to approach 47.2. The survey also indicated that manufacturers are the most concerned about appreciating Australian Dollar, tough competition and the start of carbon tax.

Mon, 02 Jul 2012 06:10:02 GMT

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