Text Version
RSS Feeds
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  -Text Version
  -RSS Feeds
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
Expert: China's economy to regain full steam in 2011
+ -
16:30, January 09, 2009

 Related News
 Think tank: China's economy expands at 9.8% in 2008
 President Hu: China's economic development faces challenges
 Chinese President says stable, fast growth on top of next year's economic agenda
 Expert: China expects economic growth by 10% in 2009
 President Hu: China's economic development faces challenges
 Comment  Tell A Friend
 Print Format  Save Article
China's economy will start to recover in the second half of the year as the massive fiscal stimulus takes effect, renowned economist Cheng Siwei told a conference on innovation in Beijing Thursday.

The economy will regain full steam in 2011, according to Cheng, former Vice-Chairman of the Standing Committee of the National People's Congress.

The 4 trillion yuan (585 billion U.S. dollars) package unveiled in early November will start showing a gradual effect in the second half, the Xinhua-run China Securities Journal quoted Cheng as saying on Friday.

He estimated that the economy grew about 8 percent during the fourth quarter of 2008, down from 9 percent in the third quarter and 10.4 percent in the first half.

The property market will only start to recover during the second half, despite government measures to spur home sales, as buyers' expectations of further price declines will take time to change, Cheng added.

China is targeting 8 percent gross domestic product growth for 2009 to ensure sufficient jobs and safeguard social stability, Liu Mingkang, Chairman of the China Banking Regulatory Commission, said on Dec. 13.


  Your Message:   Most Commented:
Behind scene of "Bush shoes attack"
7,000 students register in Iran's Isfahan to fight Israel
Message Board
Misuse of force goes against one's own wish
Vice premier: China urges immediate stop of military operations in Gaza

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved