China’s GDP growth slows to 7.4% in 2014, the lowest in 24 years

 PUBLISHED ON JAN 20, 2015 10:07 AM
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An aerial view of Hefei Xinqiao International Airport in Hefei, Anhui province, taken in Sept 15, 2012. China’s GDP  slumped to a 24-year low in 2014. — PHOTO: REUTERS

BEIJING (AFP, Bloomberg, Reuters) – China’s GDP growth slowed to 7.4 per cent in 2014, official data showed Tuesday (Jan 20), the lowest since 1990, as authorities in the world’s second-largest economy talk of a “new normal” of slowing expansion.

The 2014 figure announced by the National Bureau of Statistics (NBS) was below growth of 7.7 per cent in 2013, but exceeded the median forecast of 7.3 per cent in an AFP survey of 15 economists.

 

China’s Q4 economic growth also beat economists’ estimates, helping the full-year expansion remain close to the government’s target of “about” 7.5 per cent.

GDP expanded 7.3 per cent year-on-year in the fourth quarter of last year, the NBS said, matching the 7.3 per cent result in the third quarter and beating the 7.2 per cent median forecast in the survey.

Still, the 2014 result is the first miss since 1998 during the Asian economic crisis.

“China’s economy has achieved stable progress with improved quality under the new normal in 2014,” the NBS said in a statement. “However we should also be aware that the domestic and international situations are still complicated and economic development is facing difficulties and challenges.

The full-year result was the worst since the 3.8 per cent recorded in 1990 and comes as one of the pillars of the global economy was hit last year by troubles including manufacturing and trade weakness as well as declining prices for real estate, which has sent a shock through the country’s key property sector.

The NBS also said that industrial production rose 7.9 per cent in December from a year earlier, compared with the 7.4 per cent median estimate of analysts and November’s originally reported 7.2 per cent. Retail sales, a key indicator of consumer spending, increased 11.9 per cent from a year earlier, compared with the 11.7 per cent seen by economists.

Policymakers showed increasing signs of discomfort in the second half of the year as economic indicators began to consistently surprise on the down side, culminating in an unexpected cut to guidance lending rates by the central bank in November.

The People’s Bank of China (PBOC) has also tinkered with the money supply while refraining from a full cut to reserve requirement ratios (RRR) at banks. A reduction in RRR could flood the market with some 2.4 trillion yuan (S$520 billion) in fresh cash when accounting for the multiplying effect of fresh loans, but some worry the money could simply be rerouted into sustaining the very industrial overcapacity and property bubbles that regulators have been fighting to suppress.

However, the targeted easing measures have yet to show much effect in bringing down financing costs, and thus many now see further interest rate cuts and/or lower reserve requirement ratios (RRR) as unavoidable if conditions don’t improve soon.

Beijing has ruled out massive stimulus as China is still struggling to digest a mountain of debt left over from the 4 trillion yuan stimulus package in 2009.

– See more at: http://www.straitstimes.com/news/business/economy/story/chinas-gdp-growth-slows-74-2014-20150120#sthash.018Ii4FS.dpuf

Excerpt from :

http://www.straitstimes.com/news/business/economy/story/chinas-gdp-growth-slows-74-2014-20150120

 

Malaysia revises GDP growth for 2015 to 4.5%-5.5%

PUBLISHED ON JAN 20, 2015 10:26 AM
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Malaysian Prime Minister Najib Razak said on Tuesday that the current weak global oil prices would lead to a deficit of RM13.8 billion (S$5.16 billion) in Budget 2015. — PHOTO: BLOOMBERG

KUALA LUMPUR – Malaysian Prime Minister Najib Razak on Tuesday revised GDP growth for 2015 to between 4.5 to 5.5 per cent from 5 to 6 per cent .

He also said the current weak global oil prices would lead to a deficit of RM13.8 billion (S$5.16 billion) in Budget 2015.

Budget 2015, when tabled in October last year, had a projected expenditure of RM273.9 billion in expenditure and RM235.2 billion in revenue. It was pegged to oil prices of around US$100 (S$133) per barrel.

The slide in prices, which has drastically affected the ringgit’s value as Malaysia is an oil exporter, has seen calls by economists for Putrajaya to revise the budget.

Malaysia also increased its fiscal deficit target to 3.2 per cent of gross domestic product for 2015, as the government needed to adjust its Budget due to a sharp fall in earnings from oil and gas, Datuk Seri Najib Razak announced on Tuesday.

He said the revised budget would assume a global oil price of around US$55 a barrel. The original budget had targeted a reduction in the fiscal deficit to 3 per cent this year, from 3.5 per cent last year.

Mr Najib said Malysia was not facing an economic crisis, but the government needed to adjust to the change in circumstances due to the fall in global oil prices.

– See more at: http://www.straitstimes.com/news/asia/south-east-asia/story/malaysia-says-weak-global-oil-prices-will-lead-deficit-more-5b-budge#sthash.G9ijkpB4.dpuf

Excerpt from :

http://www.straitstimes.com/news/asia/south-east-asia/story/malaysia-says-weak-global-oil-prices-will-lead-deficit-more-5b-budge

Tambahan :

Kemajuan di bidang ekonomi pada ke dua Negara luar biasa, jangan di katakan bahwa GDP Malaysia hanya 4.5% – 5.5%. Karena Inflasi akan bahan makanan (Bahan Pokok),tidak mengalami kenaikan. Untuk New Produk tentu tidak dapat di hitung, lihat pula untuk rumah, tanah, beserta perabot yang di hasilkan oleh Negara tersebut apakah mengalami kenaikan.

Bagaimana dengan Indonesia? Harga bahan pokok (9 Bahan Pokok) sudah mengalami kenaikan berapa besar setiap tahunnya? Lalu harga tanah dan rumah, belum lagi bahan bangunan berikut hasil Industri kecil selalu mengalami kenaikan, tentu hal tersebut akan mengalami kenaikan karena kebutuhan bahan pokok yang selalu naik mengakibatkan Inflasi.

Dengan Inflasi yang setiap tahunnya naik apakah yang terjadi? Perlemahan Nilai tukar Rupiah yang semakin merosot mencerminkan perekonomian Indonesia murat-marit (kacau balau) dengan secara tidak langsung sudah terjadi hiper inflasi jika terhitung sekitar 5 tahun.

Selain dari pada hal tersebut mari melihat tentang pendapatan per orang di semua negara.

Mulai dari China, Malaysia dan Indonesia berapakah jumlah penduduknya? Lalu Untuk ukuran China, Malaysia dan Indonesia berapa penghasilan tingkat sederhana yang bisa mencukupi kebutuhan hidupnya, menyekolahkan anak, kesehatan dll.

Contoh hanya akan di ambil untuk Indonesia karena saya dari Indonesia. Jumlah penduduk Indonesia sebesar 350 juta jiwa. Yang berusia di ats 18 tahun dan dapat mulai bekerja berada di kisaran 190 juta Jiwa. Setelah mendapat jumlah pekerja dan pengusaha kita akan mebagi dengan penghasilan Minimum yang di mana Rakyat Indonesia bisa berkecukupan pada perhitungan sederhana, yaitu 5 juta perbulan untuk penghasilan. Berapa besarkah Rakyat Indonesia mempunyai 5 juta perbulan di Indonesia. Perkiraan pribadi melalui nalar sekitar 79% Rakyat Indonesia berarti sekitar 150 juta jiwa (ingat masih banyak yang di bawah 2 juta per bulan). Lalu bagaimana dengan penghasilan antara 5 juta per bulan – 50 juta perbulan? Perkiraan sekitar 21% dari 190 juta jiwa, berarti sekitar 39 juta jiwa. Selebihnya yang sekitar 6% mempunyai penghasilan sebesar lebih dari 50 juta perbulan yaitu . sebesar 1 juta jiwa.

Dengan hasil tersebut apakah tingkat kesejahteraan di Indonesia untuk rakyat merata? Belum termasuk masalah kesehatan.

Silahkan pembaca menilai hal tersebut, harapan ke depan Perekonomian Indonesia bersih dari Kejahatan sehingga memakmurkan seluruh lapisan masyarakat berikut banyak memberi kontribusi pada Negara lain?

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Suatu perbuatan yang menguntungkan makhluk lain dan diri sendiri maka perbanyak lakukanlah. Suatu perbuatan yang merugikan makhluk lain dan menguntungkan diri sendiri jangan dilakukan. Suatu perbuatan yang merugikan makhluk lain dan diri sendiri maka hindarilah dan jangan dilakukan. Fav : Bernapaslah dengan Cinta, Bernapaslah dengan Kasih, Bernapaslah dengan Kejujuran. Berjalanlah dengan Kebenaran, Berjalanlah dengan Kedamaian, Berjalanlah dengan Kesetiaan. Berusahalah dengan Giat, Berusahalah yang Terbaik, Berusahalah setiap Waktu. Harapan Semua Makhluk Bahagia, Harapan Semua Makhluk Sejahtera, Harapan Semua Makhluk Terlepas dari Penderitaan Dan Sukses Selalu dalam Kebajikan. Pada Tiap Kehidupan : Lakukanlah yang terbaik untuk kebaikan dalam kebenaran apapun yang terjadi pada diri sendiri. Tetap fokus pada Kebajikan sehingga menciptakan Kedamaian, Kebahagian dan Kesejahteraan bagi semua Makhluk.

Posted on January 20, 2015, in Makalah Gov. Bookmark the permalink. Leave a comment.

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