{"id":12508,"date":"2012-03-04T20:03:03","date_gmt":"2012-03-04T20:03:03","guid":{"rendered":""},"modified":"2012-03-04T20:03:03","modified_gmt":"2012-03-04T20:03:03","slug":"China-cuts-growth-target-to-7-5-in-2012","status":"publish","type":"post","link":"https:\/\/asiancemagazine.com\/?p=12508","title":{"rendered":"China cuts growth target to 7.5% in 2012"},"content":{"rendered":"

China expects economic growth of 7.5% this year as it looks for more sustainable expansion, prepares for a change in leadership and rides out a global slowdown.<\/strong><\/p>\n

Premier Wen Jiabao unveiled the target at the start of the annual National People’s Congress.<\/p>\n

Despite setting a target of 8% growth over the past eight years, China has regularly grown more quickly.<\/p>\n

This has caused problems including high inflation and a widening wealth gap.<\/p>\n

Last year, China’s gross domestic product (GDP), or annual economic output, grew by 9.2%. In 2010 gross domestic product grew 10.4%.<\/p>\n

Chinese leaders have said that economic stability is a priority for the country this year, ahead of its planned change of leadership in the autumn.<\/p>\n

Analysts said a stimulus package introduced after the 2008-2009 global financial crisis had contributed to bubbles in the property market and high inflation.<\/p>\n

High consumer prices, especially the cost of food, have previously caused unrest in China.<\/strong><\/p>\n

Boosting domestic demand is aimed at countering the effects of the eurozone debt crisis and slowing of the US economy which have led to a drop in demand globally for Chinese exports.<\/p>\n

At least they are purposely slowing down their economy!<\/strong><\/p>\n

via www.bbc.co.uk<\/em>
\n<\/p>\n","protected":false},"excerpt":{"rendered":"

China expects economic growth of 7.5% this year as it looks for more sustainable expansion, prepares for a change in<\/p>\n","protected":false},"author":386,"featured_media":72448,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[1],"tags":[],"class_list":["post-12508","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"magazineBlocksPostFeaturedMedia":{"thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u-113x150.jpg","medium":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","medium_large":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","large":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","1536x1536":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","2048x2048":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-highlighted-post":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-featured-post-medium":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-featured-post-small":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u-113x90.jpg","colormag-featured-image":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-default-news":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u-113x150.jpg","colormag-featured-image-large":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-elementor-block-extra-large-thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-elementor-grid-large-thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-elementor-grid-small-thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-elementor-grid-medium-large-thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg"},"magazineBlocksPostAuthor":{"name":"LinyC","avatar":"https:\/\/secure.gravatar.com\/avatar\/9ce65386ba300844f986c13f8a09d09b7ca5c73d1b919e9ef954c4877f3cc8bc?s=96&d=mm&r=g"},"magazineBlocksPostCommentsNumber":"0","magazineBlocksPostExcerpt":"China expects economic growth of 7.5% this year as it looks for more sustainable expansion, prepares for a change in","magazineBlocksPostCategories":["News"],"magazineBlocksPostViewCount":130,"magazineBlocksPostReadTime":1,"magazine_blocks_featured_image_url":{"full":["https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg",113,170,false],"medium":["https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg",113,170,false],"thumbnail":["https:\/\/asiancemagazine.com\/wp-content\/uploads\/u-113x150.jpg",113,150,true]},"magazine_blocks_author":{"display_name":"LinyC","author_link":"https:\/\/asiancemagazine.com\/?author=386"},"magazine_blocks_comment":0,"magazine_blocks_author_image":"https:\/\/secure.gravatar.com\/avatar\/9ce65386ba300844f986c13f8a09d09b7ca5c73d1b919e9ef954c4877f3cc8bc?s=96&d=mm&r=g","magazine_blocks_category":"News<\/a>","_links":{"self":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts\/12508","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/users\/386"}],"replies":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12508"}],"version-history":[{"count":0,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts\/12508\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/media\/72448"}],"wp:attachment":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}