China Economy and Chinese Economy

China Economic Monitoring Analysis Center: The Chinese economy expanded 6.9 percent last year, recording a 25-year low, according to Xinhua China. The lackluster GDP figure is interpreted as a signal of an impending hard landing according to reports in foreign media, but Chinese consumers have yet to display signs of economic pinch. "If you paid a visit to steel mills and coal mines, you will think that the Chinese economy is all doom and gloom. Such is the current case for China economy during its new normal growth period. But you will feel quite the opposite if you visit the bustling innovation center in China Silicon Valley, Zhongguancun, or cinemas where the seats are full," said Pan Jiancheng, deputy head with China Economic Monitoring & Analysis Center of the National Bureau of Statistics. By traditional standards, the Chinese economy is slowing, with drops in GDP growth, industrial product prices, profitability of factories and fiscal revenue. China is currently spreading growth among different sectors as the economy shifts from investment to consumption, Pan said. (news.financializer.com). As reported in the news.