Welcome to Creaders.net !    27/02/2013 12:32 PM Add to my favorites Advertising Service  |  Contact Us  |  About Us  
HOME | Chinese in USA | China BIZ | Chinese Culture | Oversea Studies & Immigration | World Travel

    China Online
 
 
 
State Farm Drama
 
    中文电视,一年免费!
    糖尿病病根和酸性体质
    留学医疗险,国际旅游险
    哈佛直通车,圆你名校梦
    找大通分行 下载手机APP
    九阳明星豆浆机
    新一代骨精华消除关节痛
    AT&T Internet$14.95
    灵活兼具空间 Mazda CX-9
    点击收看“晴雨之间”
China Biz Info
Double-digital GDP growth forecasted this year
Wednesday,  Dec,  31,  1969;    Posted:  4:00  p.m.  EDT  (16:00  GMT)

A top Chinese think tank forecasted the nation's economy would experience a mild rebound this year, with gross domestic product expanding around 10 percent year on year.

Among the three economic engines, investment is expected to contribute 6.3 percentage points to the GDP growth, while consumption and net export will contribute 4.2 and 0.5 percentage points, respectively, the Center for Forecasting Science of the Chinese Academy of Sciences said in a report issued on Saturday.

Investment would continue to increase as a result of the government's economic stimulus measures, with focuses in agriculture, transportation, and industries relating to people's livelihood, but the annual investment growth would decrease from 30.1 percent in 2009 to 25 percent, the report said.

The country's foreign trade is expected to step out of recession as overseas demand rises due to the recovery of the world's economy.

Total value of the foreign trade would advance 17.6 percent year on year, with export up 16.6 percent and import up 18.9 percent, according to the report.

The report also estimated that consumption price index (CPI), a major gauge of inflation, would rise 3.06 percent from a year earlier, as a combination of economic revival, ample liquidity, and inflation expectations would drive up the prices.

Data from the National Bureau of Statistics (NBS) showed China's economy expanded 8.7 percent last year, of which investment growth contributed 8 percentage points, consumption contributed 4.6 percentage points, while net exports dragged down GDP growth by 3.9 percentage points due to the sluggish external demand.