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China GDP falls to 26-year low

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8 years ago

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China GDP falls to 26-year low

Beijing: China’s economy grew 6.7 per cent year on year in 2016, the slowest pace of growth in 26 years, but well within the government’s target range, official data showed on Friday. Growth in the fourth quarter came in at 6.8 per cent, accelerating from the 6.7 per cent in the third quarter, according to National Bureau of Statistics data (NBS). The government target was 6.5 to 7 per cent growth for 2016, Xinhua news agency reported.

Gross domestic product totalled to 74.41 trillion yuan (about $10 trillion) in 2016, with the service sector accounting for 51.6 percent. The data showed that major economic indicators softened last year, with industrial output growth slowing slightly to 6 per cent from 6.1 per cent in 2015. Urban fixed-asset investment continued to cool, rising 8.1 per cent year on year, compared with 10 per cent in 2015.

Retail sales rose to 10.4 per cent, down from 10.7 per cent in 2015. Consumption contributed 64.6 per cent to the GDP in 2016, slightly down from the 66.4 per cent in 2015, but remarkably higher than the 51 per cent in 2014, the Global Times reported citing the NBS data.  The service sector contributed 51.6 percent to the economy in 2016, up from 50.2 per cent in 2015 and 48.1 per cent in 2014.

The service sector ratio exceeded 50 percent for the first time in 2015, and hit a record high in 2016.  This represents concrete progress in creating a more consumption and service driven economy in order to sustain growth, and indicates China’s economic restructuring is pressing ahead.

 

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Apple is giving a huge discount on its gadgets: Details inside

Published

3 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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