Latest News:  
Beijing   Cloudy/Overcast    3 / -4   City Forecast

People's Daily Online>>Opinion

Economist: China's economy not to suffer a hard landing

By Gao Yuncai (People's Daily)

14:47, December 27, 2011

Edited and translated by People's Daily Online

The Chinese economy would maintain a reasonable level of growth next year, and China will not suffer a hard landing, said Peng Wensheng, chief economist of the China International Capital Corporation Limited.

Peng said the world economic growth recession has weakened China's external demand, but the internal drive for China’s economic growth has been enhanced, so the pattern of steady economic growth will not change.

According to the data released by the National Bureau of Statistics, China's gross domestic product of first three quarters reached about 32 trillions yuan, an increase of 9.4 percent year on year calculated at comparable prices. The economic growth continues to slow down.

Meanwhile, the world economic growth is also declining. The International Monetary Fund (IMF) forecasts that 2012 global economy will grow by 4.0 percent, 0.5 percentage points lower the forecast in June.

The current slow economic growth is in keeping with macro-control expectations. Slow economic growth was the results of macro-control, driving the aggregate demand to reduce and creating conditions for stabilizing the general price level, said Zhang Xiaojing, macro-economy research director, Institute of Economics, CAS.

However, pressure brought by the current economic downturn is also increasing. The Central Economic Work Conference requires proper handling of the relationships between speed, structure and prices next year, so as to promote economy to develop stably and rapidly.


Leave your comment0 comments

  1. Name


Selections for you

  1. Chinese Premier Wen commend contributors to grain output

  2. Toyota unveils new compact hybrid car "Aqua"

  3. Villagers practice waist drum dance for New Year in E. China

  4. Harbin swimmers prepare for a cooling off

Most Popular


  1. Common interests prevent 'Cold War'
  2. War-related carbon emissions deserves attention
  3. Noda's trip enhances China-Japan mutual trust
  4. Economic outlook for next year could be dimmer
  5. Human library promotes understanding
  6. For amiable China-Japan ties
  7. Europe should make greater efforts to save itself
  8. China unlikely to see hard landing in 2012
  9. Euro depreciation affects Asian manufacturing
  10. To whom does Pacific Century belong?

What's happening in China

Villagers practice waist drum dance for New Year in Shangdong

  1. High-speed railway links Shenzhen, Guangzhou
  2. Chinese mark Mao's birth
  3. Natural gas imports expected to increase
  4. Economic growth set to fall
  5. China boosts flight punctuality rate in 2011

PD Online Data

  1. Traditional Mooncakes
  2. About Mooncakes
  3. History of Mooncakes
  4. Modern Mooncakes
  5. Legends of Mid-Autumn Festival