China says 2013 GDP likely grew 7.6%


China’s economy probably grew 7.6 per cent in 2013, according to a government report cited by state media, slightly above its official target for the year and just below last year’s performance.

The figure was contained in a report by the State Council, the country’s Cabinet, delivered to a session of the Standing Committee of the National People’s Congress, China’s rubber stamp legislature, the official Xinhua news agency said.

China’s gross domestic product (GDP) expanded at an annual rate of 7.7 per cent in 2012, its worst growth rate in 13 years.

In March, China announced an official economic growth target of 7.5 per cent for 2013, the same as last year’s goal.

The government usually announces a conservative number that it regularly surpasses.

Source : Channel News Asia | December 30, 2013


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Thomas D’Innocenzi is a highly accomplished, results-focused international consultant with extensive experience in global sourcing and business development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global marketing and sourcing operations. He has extensive experience in international business development to accommodate rapid growth. Skilled in building top-performing teams, bench-marking performance, and developing organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. Tom founded Nova Advisors with the mission of providing expert Global Business Development consulting services for companies seeking to expand their market share as an independent consultant. Tom has a network of experts and advisors throughout the Asia-Pacific region and North America. His expertise includes business development, global sourcing, manufacturing, commodities, logistics, QA/QC, FDA, regulatory compliance, sustainability, and supply chain optimization. Tom is experienced in the medical device, apparel, consumer goods and technology services verticals helping companies advance their global sourcing capabilities and develop new markets through a local and sustained approach. Located in SE Asia and the United States, Tom expands market reach to drive sales. His global sourcing strategy includes directly negotiating with commodity suppliers, supply chain networks and distributors for optimal terms based on his expertise and first-hand knowledge of the players. Contact Tom to use his consulting service to increase your global market and make global sourcing profitable for you in the Asia Pacific Region and the United States. USA Direct: +1.904.479.3600 SINGAPORE: +65.6818.6396 THAILAND: +662.207.9269
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