Call our team +44 (0) 207 566 3939


Economic powerhouse China sees growth

Chinas economy picks up

The world`s second largest economy, second to the United States of America has expanded 7,5% from a year ago, up from 7.4% growth in the previous quarter. This is in direct relation to the governments stimulus that is not having an impact on the positive growth.

China has been actively looking at ways to stimulate the economy to help boost growth. China has experience many years of expansion, and growth had slowed in very recent times which can relate to a global decline in demand for its manufactured products.

The economic slowdown led to China trying to boost domestic demand to help increase and sustain the expansion, increasing home grown demand can also help balance the growth model.

China`s national bank said it would reduce the reserve requirement ratio (RRR) – the amount of reserve money needed for a security reserve. This spare cash would then be made available for small businesses and companies. The bank also said it would encourage other banks to help make more money available to exporters.
The Chinese government has also recently announced it would cut taxes on small business to help reduce red tape that can prevent new businesses forming. The government are also speeding up the construction of railway lines across the country. Further to this they are also announcing large domestic infrastructure projects such as new railways, roads and ariports along the Yangtze River.

If you found this blog informative, we have many more helpful and intersest posts on our business blog page, Your Virtual Office London business experts.

Related Category Posts

Memorandum and Articles of Association 101

Memorandum and Articles of Association 101

Once you’ve obtained a registered office address, your business will be running in earnest along with the presence of a pile-up of paperwork. You can avoid becoming overwhelmed by the inevitable if you familiarise yourself with vital business terms and documents;...

read more
What Is Your Company’s SIC Code?

What Is Your Company’s SIC Code?

Once you register a company, advisably through a company formations agent who will comprehensively manage all necessary communication with Companies House and remedy start-up teething issues, you’ll be met with a plethora of important numbers and...

read more

Capital Office Ltd is registered in England and Wales: Registered Address: Kemp House 152 – 160 City Road London EC1V 2NX

Company Number: 06294297 | VAT No: 976201416 | ICO No: ZA084808 | Anti-money laundering registration number: XZML00000125126

© Copyright 2019 Capital Office Ltd - All Rights Reserved

Please click here to view the latest businesses using our address without authorisation.