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

English>>Business

Growth forecast to exceed 7% in 2013 (2)

(China Daily)

08:21, December 14, 2012

Nearly 60 percent of the economists surveyed do not support removing the current restrictions on the real estate market, and a similar proportion said housing prices will rise along with the transaction volume.

The survey was carried out on the eve of the annual Central Economic Work Conference reportedly to be held this weekend, which is expected to set the growth target for 2013 at 7.5 percent and focus on the quality and efficiency of growth.

The result echoed another survey by Wind Information Co Ltd of 41 institutional analysts which put next year's growth rate at 7.9 percent.

China's economic growth rate fell to 7.4 percent in the third quarter of this year, a level that remains enviable globally but is seen by analysts as a trough after years of rapid development. Most of them estimated the figure will pick up to above 7.5 percent in the fourth quarter.

Zhang Zhiwei, China chief economist at Nomura Securities Co Ltd, said the country's GDP growth is expected to bounce back to more than 8 percent year-on-year in the first half of 2013, then slow in the second half toward 7 percent by the fourth quarter.

Zhang predicted that whole-year growth in 2013 is likely to be 7.7 percent.


【1】 【2】 【3】 【4】

Email|Print|Comments(Editor:黄蓓蓓、梁军)

Related Reading

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Newly recruited PLA soldiers join units

  2. Special police force holds competition

  3. Hungarian students against gov't cutbacks

  4. Day to remember as couples tie the knot

  5. Nanjing Massacre victims remembered

  6. Awarding to CCTV 2012 Economic Person of the Year

  7. Creative Shanghai feast for this Christmas

  8. Best Space Pictures of 2012

Most Popular

Opinions

  1. China firms 'don't communicate enough'
  2. Who can free Chinese couples from baby tangle?
  3. No easy path in sight for China's economic future
  4. Worries about combating corruption online
  5. 'Urban diseases' challenge 'beautiful China'
  6. Cultivating a natural lifestyle at Green City
  7. ASEAN economies poised to keep robust growth
  8. Translation industry needs legislation and regulation
  9. Mo mania's impact on Chinese writing

What’s happening in China

Snow brings joy to severe winter

  1. Charity caught in financial statement controversy
  2. Beijing prisoners allowed to order meals online
  3. Cop cleared of graft suspicion after speedy probe
  4. Santa mails Christmas wishes home