India’s manufacturing, services growth outpaced China in Feb: HSBC

[IND151]

HSBC is BSing.
HSBC means hindu sabha bhartiya corporation

 

[Ind4Ever]

Thanks god we changed our religion and stopped worshipping the fake stone made gods which are available from inr 15 onwards, another example so shining India.

We really thank god u guys changed and thank god we are separated between traitors and patriots

 

[utraash]

Title is bit sensational... India needs a lot more to do in manufacturing sector.....

 

[Skywalker]

We really thank god u guys changed and thank god we are separated between traitors and patriots

Thanks to quaid e Adam for giving us this nation and proved the two nation theory was hundred percent right. He knew what's coming, last but not the least I would rather liked to be called as traitor than an Indian.

 

[ashok mourya]

Slowing Growth: China signals lowest expansion rate in 24 years
Thursday, 5 March 2015 - 3:13pm IST | Place: Beijing | Agency: Reuters

"Deep-seated problems in the country's economic development are becoming more obvious. The difficulties we are facing this year could be bigger than last year. The new year is a crucial year for deepening all-round reforms."

• 
  File Photo dna esearch

China on Thursday announced aneconomic growth target for this year of around 7%, signalling its lowest rate of expansion for a quarter of a century, and said it would increase government spending to support the slowing economy.

Speaking at the opening of China's annual parliamentary meeting, Premier Li Keqiang vowed to fight corruption and pollution, and stressed the need for more painful reforms to put the world's second-largest economy on a more sustainable footing after three decades of breakneck growth.

"The downward pressure on China's economy is intensifying," Li told around 3,000 delegates gathered at the Great Hall of the People to the west of Tiananmen Square in the heart of Beijing.

"Deep-seated problems in the country's economic development are becoming more obvious. The difficulties we are facing this year could be bigger than last year. The new year is a crucial year for deepening all-round reforms."

The opening of the annual full meeting of the largely rubber-stamp National People's Congress comes less than a week after China cut interest rates for the second time in three months, underscoring the growth challenges faced this year.

Grappling to sustain an economy weighed down by a cooling property market, high debt levels and excess factory capacity, Beijing plans to lift government spending to 17.15 trillion yuan ($2.74 trillion) in 2015, an increase of 10.6 percent on 2014.

That will mean increasing the budget deficit to 1.62 trillion yuan, or around 2.3% of GDP, compared with 2.1% last year.

INDUSTRIAL REFORM

Li said China would push ahead with reforms of state-owned enterprises and move to liberalise its banking system and financial markets, as it seeks to restructure its economy to boost consumption at the expense of exports and investment.

"In order to defuse problems and risks, avoid falling into the 'middle income trap', and achieve modernization, China must rely on development and development requires an appropriate growth rate," said Li.

"At the same time, China's economic development has entered a 'new normal'."

China's economy grew 7.4% last year, roughly in line with the government's growth target of around 7.5% and robust by global standards, but still the slowest in 24 years.

With deflationary pressures mounting in China - annual consumer inflation fell to a five-year low of 0.8% in January - Li said the government would also lower its 2015 inflation target to around 3% from 3.5% in 2014.

A key plank of China's reform agenda is overhauling its industrial sector by tackling overcapacity in polluting heavy industries and moving manufacturing up the global value chain.

"Manufacturing is traditionally a strong area for Chinese industry," said Li.

"We will implement the 'Made in China 2025' strategy, seek innovation-driven development, apply smart technology, strengthen foundations, pursue green development and redouble our efforts to upgrade China from a manufacturer of quantity to one of quality."

With Communist Party leaders ever mindful of social stability, Li said China aimed to create more than 10 million new jobs in 2015 and would ensure the jobless rate does not exceed 4.5%.

While focusing heavily on the economy, Li also vowed to fight pollution and corruption, two highly sensitive topics that have become lightning rods for public discontent.

"Our tough stance on corruption is is here to stay," he said.

"Our tolerance for corruption is zero, and anyone guilty of corruption will be dealt with seriously."

 

[Ind4Ever]

Thanks to quaid e Adam for giving us this nation and proved the two nation theory was hundred percent right. He knew what's coming, last but not the least I would rather liked to be called as traitor than an Indian.

Don't worry u won't be called as an Indian. Those days are long gone . May best survives. Let the time to decide .
For now no one cares about two nation theory true or not. All we the new generation born after separation care is the is to shell our enemy with no mercy and justice for our people died due to Pakistan sponsored terrorism to kill Indians .

So am glad we were separated or else India will like pakistan and Afghanistan with no future or no hope to live a normal peaceful life like 1.2 billion patriots does. We may not be super rich but even a beggar will live for his whole life so lives his life with future plans to improve his poverty . Than being bombed by lunatics . And die like a looser

 

[Bobby]

Thanks god we changed our religion and stopped worshipping the fake stone made gods which are available from inr 15 onwards, another example so shining India.

Only great Pakistani like you can talk so cheap and $hit.....the burning a$$

 

[Ind4Ever]

Slowing Growth: China signals lowest expansion rate in 24 years
Thursday, 5 March 2015 - 3:13pm IST | Place: Beijing | Agency: Reuters

"Deep-seated problems in the country's economic development are becoming more obvious. The difficulties we are facing this year could be bigger than last year. The new year is a crucial year for deepening all-round reforms."

• 
  File Photo dna esearch

China on Thursday announced aneconomic growth target for this year of around 7%, signalling its lowest rate of expansion for a quarter of a century, and said it would increase government spending to support the slowing economy.

Speaking at the opening of China's annual parliamentary meeting, Premier Li Keqiang vowed to fight corruption and pollution, and stressed the need for more painful reforms to put the world's second-largest economy on a more sustainable footing after three decades of breakneck growth.

"The downward pressure on China's economy is intensifying," Li told around 3,000 delegates gathered at the Great Hall of the People to the west of Tiananmen Square in the heart of Beijing.

"Deep-seated problems in the country's economic development are becoming more obvious. The difficulties we are facing this year could be bigger than last year. The new year is a crucial year for deepening all-round reforms."

The opening of the annual full meeting of the largely rubber-stamp National People's Congress comes less than a week after China cut interest rates for the second time in three months, underscoring the growth challenges faced this year.

Grappling to sustain an economy weighed down by a cooling property market, high debt levels and excess factory capacity, Beijing plans to lift government spending to 17.15 trillion yuan ($2.74 trillion) in 2015, an increase of 10.6 percent on 2014.

That will mean increasing the budget deficit to 1.62 trillion yuan, or around 2.3% of GDP, compared with 2.1% last year.

INDUSTRIAL REFORM

Li said China would push ahead with reforms of state-owned enterprises and move to liberalise its banking system and financial markets, as it seeks to restructure its economy to boost consumption at the expense of exports and investment.

"In order to defuse problems and risks, avoid falling into the 'middle income trap', and achieve modernization, China must rely on development and development requires an appropriate growth rate," said Li.

"At the same time, China's economic development has entered a 'new normal'."

China's economy grew 7.4% last year, roughly in line with the government's growth target of around 7.5% and robust by global standards, but still the slowest in 24 years.

With deflationary pressures mounting in China - annual consumer inflation fell to a five-year low of 0.8% in January - Li said the government would also lower its 2015 inflation target to around 3% from 3.5% in 2014.

A key plank of China's reform agenda is overhauling its industrial sector by tackling overcapacity in polluting heavy industries and moving manufacturing up the global value chain.

"Manufacturing is traditionally a strong area for Chinese industry," said Li.

"We will implement the 'Made in China 2025' strategy, seek innovation-driven development, apply smart technology, strengthen foundations, pursue green development and redouble our efforts to upgrade China from a manufacturer of quantity to one of quality."

With Communist Party leaders ever mindful of social stability, Li said China aimed to create more than 10 million new jobs in 2015 and would ensure the jobless rate does not exceed 4.5%.

While focusing heavily on the economy, Li also vowed to fight pollution and corruption, two highly sensitive topics that have become lightning rods for spublic discontent.

"Our tough stance on corruption is is here to stay," he said.

"Our tolerance for corruption is zero, and anyone guilty of corruption will be dealt with seriously."

But without corruption there won't be lots of new projects in China which is built on a bubble . Like destroying newly laid bridges and building another one just to keep its workers paid with jobs . ?

 

[ashok mourya]

But without corruption there won't be lots of new projects in China which is built on a bubble . Like destroying newly laid bridges and building another one just to keep its workers paid with jobs . ?

Need some Chinese expert @Chinese-Dragon view on this.

 

[zip]

Thanks god we changed our religion and stopped worshipping the fake stone made gods which are available from inr 15 onwards, another example so shining India.

Thats another example of being an opportunist ..Dont blame your present God for another real one ..Mullas will declare you wajib ul khathl ..Anyway enjoy as far as it lasts

 

[WAR-rior]

If by this you mean us Pakistanies then you better see your history we were never been enslaved, so there is no master while your history is full of it.

Who is we? Are u Afghani or Arab?

Lemme guess......ARAB?

 

[Dr. Sen]

If by this you mean us Pakistanies then you better see your history we were never been enslaved, so there is no master while your history is full of it.

Yea whatever you say boss! A country full of coward converts....

And recently under the boot of USA, and now CHINA. You all must be a proud and glorious race!

 

[WAR-rior]

Relax Guyz. No doubt our rise has started but still we have not reached where Chinese are today.

Lets reach their level and then start to compare. Lets not do a Pakistani in here. Only Pakistanis dare to compare themselves with 10 times the economy.

 

[Dr. Sen]

Thanks to quaid e Adam for giving us this nation and proved the two nation theory was hundred percent right. He knew what's coming, last but not the least I would rather liked to be called as traitor than an Indian.

And proving that a pure state, a fotress of islam is well, a failed terrorist state. I bet ISIS has a better economy.

 

[Arya Desa]

Easy to outpace when our base is so small. 1 -->2 is easier than 100 --> 200.