China
In brief
The economy expanded by 7.4% year on year in the first quarter of 2014, down from 7.7% in the previous three months. Economic activity will pick up in the second quarter, but real GDP growth is still set to come in at just 7.3% in 2014 as a whole, the weakest since 1990. The president, Xi Jinping, has emerged as a confident and powerful leader, but his dominance could make him vulnerable to attacks from vested interests opposed to his economic reform and anti-corruption agenda.Featured analysis
Loosen up
Property sales have weakened this year, prompting several cities to quietly unpick restrictions on home purchases.
More EIU global forecast - Geopolitical shocks threaten recovery
Just when the global economy is showing some vibrancy, political instability is threatening to stop it in its tracks.
More Back on the up
The renminbi has begun to strengthen again, in line with underlying fundamentals and our expectations.
More Economic growth
| (% unless otherwise indicated) | |||
| 2013 | 2014 | 2015 | |
|---|---|---|---|
| US GDP | 1.9 | 2.5 | 3.0 |
| OECD GDP | 1.3 | 2.1 | 2.5 |
| World GDP | 2.1 | 2.9 | 2.9 |
| World trade | 2.7 | 4.6 | 5.0 |
| Source: The Economist Intelligence Unit | |||
Expenditure on GDP
(% real change)
= 2014
= 2015
Private consumption
Government consumption
Gross fixed investment
Exports of goods & services
Imports of goods & services
Source: The Economist Intelligence Unit
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