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GM Sourcing at The Bed Show, Telford - 01.03.2016

Watch our video from the Bed Show, Telford, where directors ...

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Slow & Steady for Chinese Growth - 23.01.2015

Much focus has been on China’s lower than normal GDP growth ...

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Slow & Steady for Chinese Growth

Much focus has been on China’s lower than normal GDP growth in 2014, however the underlying picture is one of positivity and a move towards more realistic, sustainable growth.

The still impressive figure of 7.4% GDP growth in 2014 is the lowest in 24 years, and it also the first time this century China have fallen below their expected growth rate.

However the Chinese economic landscape is not as bleak as those figures would have you believe.  The Chinese joined the $10 Trillion club, being only the second country to achieve economic output matching that figure. $10 trillion is five time larger than the economic output of ten years ago, which stood at a mere $1.9 trillion. This increase in economic size also results in as much additional demand as it’s sky rocketing growth did only a few years ago, which last year’s growth resulting in an extra 4.8 trillion Yuan in GDP. Add to that 13.2 million new jobs thanks to more labour-intensive services than in the past, and you have a painted a much more positive image.

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