Home>>Business
Last updated at: (Beijing Time) Saturday, January 25, 2003

China's Real GDP Forecast to Grow about 8%: EIU

China's real GDP growth is forecast to average under 8 percent per year from 2003 to 2007, similar to the rate recorded in the previous five years, said the Economist Intelligence Unit (EIU).


PRINT DISCUSSION CHINESE SEND TO FRIEND


China's real GDP growth is forecast to average under 8 percent per year from 2003 to 2007, similar to the rate recorded in the previous five years, said the Economist Intelligence Unit (EIU).

In its latest world economic forecast updates reaching Hong Kong, the EIU said China's membership of the World Trade Organization (WTO), which occurred in late 2001, should bring economic benefits to China in the medium term.

"In the initial period following entry, import volumes will rise more quickly than exports as trade barriers are lowered," thereport said.

It remarked that the emerging Asian region seems particularly likely to see a re-balancing of growth, as sales into the Organization of Economic Cooperation and Development (OECD) are rising slowly. Many countries are instead relying on exports to China, as well as efforts to boost their own domestic demand.

As for the Hong Kong Special Administrative Region (HKSAR)'s economy, real GDP growth in 2003 is forecast to average 2.5 percent during the period from 2003 to 2007.

"Over the long term, however, the HKSAR will benefit from China's accession to the WTO, which will help the expansion of its export markets. Hong Kong should also benefit from its position asa jumping-off point for foreign direct investments into the Chinese mainland," it said.


Questions?Comments? Click here
    Advanced






Beijing Targets 9 Percent GDP Growth in 2003

HK's GDP Expected to Grow 4.6 Percent This Year

Shanghai's Pudong Reports 16.7% GDP Growth in 2002





 


Beijing to Cancel 'Hotels for Hosting Foreign Visitors' ( 4 Messages)

Chinese Bid Farewell to Outworn Doctrine of Egalitarianism ( 10 Messages)

Can US Strategic Intention be Realized? ( 23 Messages)

How's US$52.7bn Foreign Investment Introduced Into China? ( 14 Messages)

Bush Rejects China Mechanical Device Import Quota ( 12 Messages)

Foreign Museums Refuse to Return Cultural relics, Chinese Experts in Action ( 11 Messages)



Copyright by People's Daily Online, all rights reserved