RFI: The Chinese economy experienced lower growth in 25 years

El primer ministro chino Li Keqiang, el 16 de enero de 2016 en Pekín.

Chinese Prime Minister Li Keqiang, he 16 of January of 2016 in Beijing.

Reuters/Mark Schiefelbein/Pool

Reuters/Mark Schiefelbein/Pool
By RFI

Mars 19 January 2016

The Asian giant grew in 2015 and 6,9%, what is the weakest figure from 1990, When the country was isolated internationally by the repression of Tiananmen Square. Chinese leaders attribute the deceleration to a “stabilization” system. Emerging countries were the main ones harmed by the phenomenon.

The Chinese economy registered in 2015 its lower growth index in a quarter of a century, According to official data released on Tuesday, that fears increased on the state of Asian power that for years acts as the engine of the world economy.

 The expansion of the gross domestic product (Commence) of the People's Republic of China was last year of 6,9%, The lowest from 1990, When a 3,8%, In a context of internal seizure and international isolation caused by the bloody repression the previous year of the prodemocratic movement of the Tiananmen de Beijin square.
 
The world markets were already stirred in recent weeks due to the continuous slowdown of the second world economy, that in 2014 A one had grown 7,3%.
 
In the fourth quarter of 2015, Chinese GDP progressed a 6,8%, which is a slight setback with respect to the previous quarter (+6,9%) and the worst result from the outbreak of the financial crisis in 2008.
 
Both annual and quarterly data released by the National Statistics Office (ONE) are in line with the average anticipations of 18 Analysts consulted by the AFP.
 
"La economía china está en proceso de estabilización, pero aún no se ha estabilizado", He told AFP the chief economist of Citic Bank International in Hong Kong, Liao Qun.
 
Chinese leaders, que preveían una expansión de "alrededor del 7%", atribuyen la ralentización de una economía que hasta hace poco ostentaba crecimientos de dos dígitos a "la nueva normalidad" of a lower but more stable growth, Based on internal consumption, Innovation and services, to the detriment of heavy industries, investments fostered by indebtedness and exports.
 
La ONE volvió a insistir el martes en las dolorosas "transformaciones estructurales" under way: "Es un periodo crucial en el que deberemos superar los retos (…) y seguirá siendo imperiosa la necesidad de profundizar las reformas", The entity said in a statement.
 
A project that the data seem to ratify, since the services sector constituted the 50,5% of GDP in 2015, Representing for the first time more than half of the total, According to the official Xinhua agency.
Investments in capital goods, that reflect above all infrastructure expenses, a 10% in 2015, less than market forecast (10,2%) and in strong deceleration.
 
"La situación en 2016 will remain more or less the same as in 2015 y el crecimiento económico de China seguirá confrontado a una situación internacional compleja y volátil", said the director of the One, Boan money, In a press conference.
 
Certain sectors should continue to suffer from excess productive capacity, But new actors, such as online trade and renewable energies, They will keep all their dynamism, The official foresees.
 
"Pensamos que el crecimiento económico de 2016 It will remain stable. Confiamos en ello", declared.
 
The Chinese Communist Party should reduce its forecasts for this year, According to analysts, who remember that President Xi Jinping considered that an expansion of the GDP of 6,5% It should be enough to respond to the country's needs.
 
World impacts
 
Even weakened, The Asian giant remains one of the main planetary growth engines, The most important actor in international trade and a colossal consumer of raw materials. Proof of this, The world bags had fallen in early January after the shocks registered in the Chinese squares.
 
Throughout 2015, The indicators remained clearly in red: Manufacturing activity contraction, Real estate sector cooling and foreign trade fall, All of them traditional pillars of Chinese growth.
 
That slowdown had a severe impact on emerging countries, that had become in recent years large raw material suppliers to China.
 
"Los mercados emergentes deben prepararse para un golpe potencialmente grave", He warned in reference to the Chinese deceleration the governor of the Bank of Mexico, Carstens, In an interview published Monday by the British newspaper Financial Times.
 
"El ajuste podría ser violento y los dirigentes políticos tienen que estar preparados", he added.
 
Con AFP.-

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