The nation's GDP growth stood at 7.4 percent from a year ago, the lowest level of the last 20 quarters.
The central government has pinned its hopes on the Shanghai FTZ to test policies for national financial reform and to better prepare China for regional free-trade frameworks, such as the Trans-Pacific Partnership.
The capital city of China landed at the 8th place of the annual ranking, a jump from 14th two years ago and 12th in 2008.
The contamination was caused by a residual oil leak stemming from an oil tank explosion in 1987 and a fire in the residual oil pipeline, according to a preliminary investigation by the city government.
Growth under 7.5% acceptable so long as adequate employment exists.
In per capita PPP terms, China is now almost 2.5 times wealthier than India. Year by year, the gap grows, as China’s gdp expands faster than India’s, while India’s birth rate is now almost triple China’s.
China's CPI rose 2.4 percent y-o-y in March, versus an expectation of 2.5 percent.
China will not resort to short-term stimulus policies just because of temporary economic fluctuations, the premier said.
This is the second straight month of falling exports for China. In February, the country’s exports dropped by 18.1 percent.
Analysts say economy is on the mend after a weak start for industrial output
The South African government welcomes the investment by Chinese companies into South Africa, including foreign direct investment, whilst ensuring that they abide by the rules and regulations and laws of the country.
The mainland imported from Taiwan 11.3 percent less in the January-to-February period while exports rose 5.2 percent from a year ago.
Chinese Vice Premier Zhang Gaoli has stressed the need for reform and innovation in order to cope with challenges and promote sustainable development of the country's economy.
Despite the improved official March PMI, which mainly monitors large State-owned enterprises, the overall vitality of the economy remains questionable, as a number of indicators have sounded an alarm.
China's official PMI rises while the HSBC index drops to 8-month low.
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