www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Markets

Direct Investment

Highlights

Trends/Policies

Think tank: GDP to grow by 10.2%, CPI 4.4%

(Xinhua)
Updated: 2008-01-11 22:55

BEIJING -- China's Gross Domestic Product (GDP) is projected to grow by 10.2 percent to reach 27.93 trillion yuan (US$3.88 trillion) in 2008, and the consumer price index (CPI) is to jump by 4.4 percent, according to a report by the country's major think tank.

Related readings:  China's per capita GDP to hit US$3,000 by 2010  Interesting: China now with 40% less GDP  Consumer spending a big GDP factor: NBS  Energy use per unit of GDP decreases 3%  WB: Air pollution costs 3.8% of China's GDP  More rate hikes ahead as CPI drives upward  'Drop in CPI' tops New Year wishes  Higher CPI could slow reform

The report, issued on Friday by the Chinese Academy of Sciences (CAS), predicted China's economy would continue to enjoy strong growth, driven by the favorable economic environment.

However, the report said, the growth would be slowed down by the fluctuating prices of resource commodities in the global and domestic markets, as well as long-standing systematic problems of China's economy.

Yao Jingyuan, the chief economist of the National Bureau of Statistics (NBS), said that China's GDP is to grow by 11.5 percent in 2007.

The CAS report echoed previous predictions that the world's fastest growing major economy is likely to expand at a slower rate in 2008 than it did the previous year.

The State Information Center (SIC) predicted a week ago that China's GDP growth would slow to 10.8 percent in 2008.

The academy also predicted a 4.4 percent rise of the consumer price index (CPI) for this year with economic tightening measures taking effect.

But it warned the index could rise to 5.8 percent if the government fails to work out effective control policies.

In 2008, the inflation pressure will continue to mount up, said the report issued by the Center for Forecasting Science of Chinese Academy of Science (CAS) here Friday.

   Previous page 1 2 Next Page  

   Previous page 1 2 Next Page