China slightly revises GDP growth 2014 downwards
China revised its GDP Gross Domestic Product growth for 2014 from 7.4 % to 7.3 %
This is only a small revision and it is not China alone that revises the GDP but of course it is taken as a bad news in the case of China’s economy lately. The official estimation for 2014 was 7.5 % growth rate.
The forecast for 2015 remains the same: around 7 % growth.