Latest News:  
Beijing   Sunny/Cloudy    13 / 1 ℃  City Forecast

English>>Business

Turning point in China's economy growth at hand (3)

By Tang Danlu (Xinhuanet.com)

13:20, December 10, 2012

As the government think tank, the Chinese Academy of Social Sciences (CASS) also predicted that the growth of the world’s second largest economy would pick up in the next year.

In a blue paper issued by CASS last Wednesday, it expects the GDP to grow 8.2 percent and the CPI to reach 3.0 percent in 2013.

In order to buoy growth, "the Chinese government will make self-motivated efforts to slow down the rapidly expanding economy in the coming year," said Yi Xianrong, a finance researcher with the Chinese Academy of Social Sciences.

Chinese authorities will put "enhancing quality and efficiency of economic growth at the center" next year, and deepen reform and opening-up, as well as step up efforts to pursue growth driven by innovation, said a statement issued after a meeting of the Political Bureau of the CPC Central Committee last Tuesday.

More efforts are needed to improve macroeconomic control, boost domestic demand, adjust the economic structure, improve people's livelihoods, and add vitality to the economic development, the statement noted.


【1】 【2】 【3】 【4】



We recommend:

'Boeing Dreamliner riddled with errors

HK tops China City Competitiveness Ranking

China's electric rail mileage ranked world's first

10th China Int'l Automobile Exhibition concludes

Harbin-Dalian high-speed railway starts operation

New wave of communication tools

Alibaba's 2012 transaction volume hits 1 trln yuan

China's savings rate world's highest

iPhone 5 launch event held in Seoul, S. Korea

Email|Print|Comments(Editor:李倩、梁军)

Related Reading

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Live-ammunition shooting training conducted in Sansha

  2. Chinese Naval ships in supply training

  3. National Geographic auctions valuable photos

  4. Spectacular images of erupting volcanoes

  5. Highlights of 2012 Toronto Motorcycle Show

  6. Skyscraper Shanghai Tower

  7. Who is the queen of micro blogs?

  8. Why US meddles in Diaoyu Islands issue?

Most Popular

Opinions

  1. Long way for CNOOC after Nexen takeover approval
  2. More translations needed for Chinese literature
  3. Commentary: Western powers should drop bias
  4. Stock market needs regulation, not promotion
  5. BRICS economies are not fading
  6. Debate over gaokao policy heats up
  7. A survey on lunch in Beijing's primary schools
  8. China on course for stable growth: JP Morgan
  9. School needs be responsible for teachers' behaviors
  10. Big burden seen in 'irrational' property tax

What’s happening in China

Spectacular images of erupting volcanoes

  1. Online name-calling not equal to public opinion
  2. Award puts Chinese books on world stage
  3. Pawnshops re-emerge with friendlier look
  4. Chief sacked, accused of giving 2 mistresses jobs
  5. 17 punished after 2 men die in demolition accident