The Traderszone Network

Published in TZ Latest News 21 March, 2015 by The TZ Newswire Staff

China sees bright spots in slowing economy, vice premier says

China’s economy faces increased downward pressure this year but the slowdown is stabilizing, with employment and services among the bright spots, Vice Premier Zhang Gaoli said on Sunday. Weighed down by a property downturn, factory overcapacity and local debt, China’s economic growth is expected to slow to a quarter-century low of around 7 percent this year from 7.4 percent in 2014, despite expected additional stimulus measures. “The downward pressure on China’s economy increased somewhat since the start of this year,” Zhang told a high-level conference in Beijing.