Latest News:  
Beijing   Sunny    -6 / 0   City Forecast

People's Daily Online>>China Business

Chinese gov't think tank lowers 2011 growth forecast to 9.2 pct

(Xinhua)

20:12, December 07, 2011

BEIJING, Dec. 7 (Xinhua) -- The Chinese Academy of Social Sciences (CASS), a government think tank, on Wednesday lowered its growth forecast of China's GDP for 2011 to 9.2 percent from the previous 9.4 percent.

CASS attributed the growth slowdown to the combination of various factors including a volatile world economic recovery and the country's tight monetary policy.

It expected the country's GDP growth to reach 8.9 percent in 2012 if "there is no significant deterioration in the global economic and political conditions and no serious natural disasters nor other problems at home."

It also projected the country's consumer prices to rise by 4.6 percent in 2012, down from the 5.5 percent it forecast for this year.

In October of this year, CASS issued a report on macro economy, forecasting the country's GDP to rise 9.4 percent year-on-year in 2011.

China's GDP rose 10.4 percent year-on-year in 2010. In the first three quarters of this year, its GDP grew 9.4 percent from one year earlier.

 
 
 
 
We Recommend
 
 
 

Email|Print|Comments(Editor:姚春)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. The Year of the Dragon in gold

  2. Sacred temples in Lhasa to receive more pilgrims

  3. China's peacekeeping engineering

  4. Trip to 'Mars' takes its toll

Most Popular

Opinions

  1. Global chaos offers hints of new world order
  2. Playing the anti-China card
  3. Chinese wind power has great potential
  4. 'Diplomatic war' may escalate conflicts
  5. ASEAN benefits from China's WTO entry
  6. Chinese schools need to tune in and chill out
  7. Flexibility for progress
  8. Clear the air today for a brighter future
  9. Private sector as catalyst for development
  10. EU needs stronger economic and currency union

What's happening in China

Xitan Village -- "Christmas Village" in E China

  1. Shanghai Chocolate Dream Park to open
  2. Public safe from solar cycle
  3. Liaoning discovers largest Yan tomb
  4. Airlines raise fuel surcharges
  5. Drink was 'deliberately' poisoned

PD Online Data

  1. Yangge in Shaanxi
  2. Gaoqiao in Northern China
  3. The drum dance in Ansai
  4. Shehuo in Baoji City
  5. The dragon dance