China revised its estimate of GDP growth in 2014

Date: 06:36, 08-09-2015.

Almaty. September 7. Silkroadnews - China revised its estimate of GDP growth in 2014, reported the newspaper "Vedomosti".
"The growth of China's economy last year was 7.3%, not 7.4%, said in a report published on Monday on the website of the National Bureau of Statistics", - says the publication.
Growth in the services sector was equal to 7.8% instead of 8.1%. Higher rates of production in industry and agriculture could not offset the decline in the assessment of the services sector, which is growing faster than traditional industries and how plans the country's leadership, eventually shall become the main engine of the economy. The share of the services sector accounts for 48% of GDP, while the share of manufacturing and construction - 43%, and agriculture - 9%.
The official forecast for the last year amounted to "about 7.5%".
"This year expected growth is " about 7%", although in recent months, economists began to expose the serious doubts that China will be able to show such growth rates as the economy shows signs of slowing",  - the report says.
However, the National Commission for Development and Reform, which is engaged in economic planning, said on Monday that indicators such as electricity consumption, rail transportation and other economic indicators in August showed improvement, and the government "will be able to achieve its goal of annual growth rate".

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