Report: China's GDP growth to slow in third quarter

15:10, October 09, 2010      

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Chief economists from 22 foreign financial institutions predicted that China's GDP growth rate will gradually slow down to less than 10 percent in the third quarter of 2010, and the average predicted figure is nearly 9.4 percent.

Meanwhile, China's CPI in September is expected to remain at the August level or continue to hit a new high.

Market investment data is expected to continue to decline in September. The export and import growth rate will drop substantially, indicating the continuing slowdown of the economic situation.

However, the currency and credit growth in September, which is a concern of the market, will also be lower than August. In addition, many chief economists who participated in the survey believe China's macroeconomic policy will remain stable.

China's GDP increased more than 11 percent in the first half of 2010 compared to the previous year, and the GDP growth rate in the second quarter stood at more than 10 percent, an obvious decline compared with nearly 12 percent in the first quarter of 2010.

By People's Daily Online


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