Lowest GDP in 24 years
March 5 th, 2015
The Government of the People's Republic of China announced on Thursday a growth target of 7% for the year 2015. For Beijing, this is due to the practical implementation of the "new normal" for the Chinese economy, a formula adopted last year to take note of the net slowdown in China, while reassuring the people of the fact that this deceleration remains under control. The second largest economy in the world had already ended the year 2014 with 7.4% of growth in GDP, its lowest rate in 24 years, below the target of 7.5 that had been established the State -Party.
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