摘要
REFORMS STABILIZE GROWTHBeijing announced that GDP for the first half of 2014 had reached 7.5 percent year on year, barely edging past analyst projections of 7.4 percent. These figures demonstrated that the government＇s reforms, such as the increased spending on infrastructure development and the loosening of fiscal and monetary policy, are successfully stabilizing China＇s economy. However, challenges to economic growth, such as the country＇s massive and largely unregulated shadow banking sector and the nation＇s festering property market, will continue to obstruct future economic growth.
REFORMS STABILIZE GROWTHBeijing announced that GDP for the first half of 2014 had reached 7.5 percent year on year, barely edging past analyst projections of 7.4 percent. These figures demonstrated that the government＇s reforms, such as the increased spending on infrastructure development and the loosening of fiscal and monetary policy, are successfully stabilizing China＇s economy. However, challenges to economic growth, such as the country＇s massive and largely unregulated shadow banking sector and the nation＇s festering property market, will continue to obstruct future economic growth.
