What have you always wondered about the economy? Tell us

China’s economic growth slows

Scott Tong Apr 15, 2013
HTML EMBED:
COPY

China’s economic growth slows

Scott Tong Apr 15, 2013
HTML EMBED:
COPY

China’s economy continues to rev, but certainly slower than many had anticipated this past quarter. Growth came in at 7.7 percent, down two tenths from the previous quarter.

China’s growth in factory goods production grew slower than expected. Same story with steel and electricity. It surprised some market types, but not Shaun Breslin at the University of Warwick in London. In a wobbly world economy, China’s exports have taken a hit.

“Demand just isn’t picking up in Europe. So they’re not able to export themselves into high levels of growth,” says Breslin.

But Breslin’s not that surprised by the hiccup. He says in the long-term, China’s trying to move to a more consumer-based economy — which as he sees it, is slower and more steady.

“Rather than growth driven either by exports, or heavy investment in infrastructure as it has been in the last few years, because that’s not sustainable,” he says. 

Marketplace is on a mission.

We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.

Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?

Your donation is critical to the future of public service journalism. Support our work today – for as little as $5 – and help us keep making people smarter.