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.
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