China Financial Daily

Experts: This year GDP growth of 8.5% is not expected to form a clear inflation
According to Hong Kong, “Wen Wei Po” reported that China’s economy has stabilized in the first half of warmer on the basis of the Mainland financial institutions recently released reports are optimistic about the trend of the second half. Economists generally predict the second half of GDP growth will reach 9% in the year to achieve the “capital of eight” without suspense. Bank of Communications [11.10 -0.27%] and even full-year GDP growth forecast to 8.5%.

Bank report released on the 1st, second half of this year, driving the economy “Troika”, the investment growth rate may continue to expand in infrastructure, real estate investment growth, industrial enterprises covering factors such as inventory, driven by further accelerate; consumption will maintain the momentum of a steady increase; export growth is also expected to pick-up in the bottom.

Bank chief economist Lianping pointed out that strong domestic demand in the second half of China’s economy and will speed up the recovery. Preliminary third quarter GDP growth is expected to be 9%, fourth quarter GDP growth was 9.8%, while the annual growth rate of up to about 8.5 percent. Next year, while fixed-asset investment growth rate may be reduced in the investment projects under the influence of such factors as a decline, but exports in the global economy should be able to recover significantly, driven by recovery in domestic consumption will remain at the same time to maintain steady growth, so the initial expected GDP growth rate next year is expected to further pick-up in the whole year will reach about 9.8 percent.

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