Not Much Expected from China GDP

China’s economic growth for the first three months of 2015 could well hit a multi-year low, experts say, increasing the pressure on Beijing to curb the marked slowdown.

Due on Wednesday, the world’s second-largest economy is expected to show a 7 percent annual increase in its gross domestic product (GDP) in the first quarter , according to a Reuters poll, marking the slowest pace since the same period in 2009 and down from 7.3 percent in the previous three months.

The estimate is also lower than the country’s 2014 growth of 7.4 percent – the lowest gross domestic product (GDP) that the mainland has seen in 24 years – but roughly in line with the “around 7 percent” target announced at the annual National People’s Congress (NPC) last month.