China’s economic growth slows to 6.7% in Q1April 15, 2016 - 12:04 AMT PanARMENIAN.Net - China's economy grew at an annual rate of 6.7% in the first quarter of the year, says the government, according to BBC News. It is the slowest quarterly growth in the Chinese economy in seven years, but in line with expectations and China's own growth targets. In the final quarter of last year, the economy expanded by 6.8%, BBC says. Friday, April 15's figures confirm the slowing trend in the world's second largest economy. But there are pockets of growth, BBC says. Investment in industrial assets and infrastructure registered a surprise jump by 10.7% in the three months to March, when compared to the same period last year. Consumers also appear to be spending, with retail sales showing a robust 10.5% jump for March. That fits Beijing's attempts in recent years to transform China from an export-led economy to a consumer-led one. Related links: Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |