Latest News:  
Beijing   Overcast    1 / -4   City Forecast

People's Daily Online>>China Business

China's Q4 GDP growth expected to drop below 9%

(Xinhua)

16:36, January 16, 2012

BEIJING - China's economic growth may drop below 9 percent for the first time in 10 quarters, sapped by declining exports and fixed-asset investment, analysts predicted.

The gross domestic product (GDP)'s value is expected to expand by 8.8 percent year-on-year in the fourth quarter of 2011, said Song Yu, Goldman Sachs Asia's economist.

Wang Tao, Chinese economist at UBS AG, said the economy will slow to 8.6 percent in the fourth quarter and decelerate to 7.7 percent in the first quarter of 2012.

The downshift will prompt authorities to further ease monetary and fiscal policies, which may stimulate the economy starting from the second quarter of 2012, Wang noted.

Tang Yunfei, chief macroeconomic analyst at Founder Securities, predicted an even slower GDP growth of 8.5 percent for the fourth quarter, citing weaker industrial production.

Both Song and Tang put the annual economic growth for 2011 at 9.2 percent, the same pace recorded in 2009, when China took a blow from the global financial crisis.

China's economy grew 9.1 percent in the third quarter of 2011, down from 9.7 percent in the first quarter and 9.5 percent in the second quarter of last year.

The government tightened its monetary policies to fight inflation before fine-tuning the policies to offset the impact of waning external demand and the cooling property industry.

The National Bureau of Statistics will release quarterly and annual economic figures for 2011 on Tuesday.

Email|Print|Comments(Editor:燕勐)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Chinese pandas arrive in Paris

  2. In love with luxury amid global gloom

  3. Volunteers clear traps for endangered Siberian tigers in NE China

  4. Danish people celebrate Queen Margrethe II's 40 years on the throne

Most Popular

Opinions

  1. In love with luxury amid global gloom
  2. China should take fight to US over Iran
  3. How will HK go through economic difficulties in 2012
  4. US dollar is just a dirty shirt
  5. Factors affecting world economy in 2012
  6. Why Russia's aircraft carrier visits Syrian port
  7. Central grain reserves turn into 'market stabilizer'
  8. A priority for Asia-Pacific shift
  9. Will US decline soon?
  10. High-level visits can boost Sino-US ties

What's happening in China

Olympic venues could be 'white elephants' without more revenue

  1. Legislator seeks ban on Moutai at official banquets
  2. Bad weather hampers Spring Festival Travel Rush
  3. Formula worries resurface after baby boy dies
  4. Shanhai official reassures over GM safety
  5. Mystery over saltwater crocodile found in river

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