BEIJING (TIP): China’s annual economic growth slowed to a six-year low of 7.0 per cent in the first quarter as demand stayed weak, meeting analyst forecasts but fanning expectations that authorities will roll out more policy stimulus to avert a sharper slowdown. In the last quarter of 2014, China’s economy grew 7.3 per cent on an annual basis. On a quarterly basis, economic growth slowed to 1.3 per cent between January and March after seasonal adjustments, the National Bureau of Statistics said on Wednesday, compared with growth of 1.5 per cent in the previous three months.
Business & Economics
Raymonds to downsize,cut close to 10,000 jobs in 3 years
CHENNAI (TIP): Apparel giant Raymonds to cut about 10,000 jobs in its manufacturing centres in the next three years, replacing them with robots and technology, said Sanjay Behl, CEO, Raymonds. Speaking at an event at […]
Editorials
China’s lies, damned lies and statistics
China deliberately concealed the extent of the outbreak of the Covid-19 outbreak during the early days China also kept mum about its casualties after the clash with Indian Army in Galwan Valley Now, after eight […]
Business & Economics
Manipal University inks pacts with 2 Chinese varsities
Mangalore (TIP): Manipal University has signed agreements with Shanghai’s Tongji and Tianjin universities for mutual, comprehensive partnerships. Quoting the Vice-Chancellor of Manipal University, K. Ramnarayan, a press release said here on Monday that the MoUs […]
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