World Business News

A round up of the latest news for those doing business internationally

China takes new steps to boost growth

Zone(s): China ¦ Sector(s): Economy, Finance
[12 June 2014, BBC News] China has announced new measures aimed at bolstering its economic growth. These include plans to build railways, roads and airports along the Yangtze River – which connects China’s less developed inland provinces to Shanghai. Meanwhile, China’s central bank said it will encourage banks to lend more to exporters to boost shipments.

The moves, the latest in a series of steps taken in recent weeks, come amid concerns over a slowdown in China’s economy – the world’s second-largest.

China’s economy expanded by 7.4% in the January-to-March period, from a year ago, down from 7.7% growth in the final quarter of last year.

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