China Financial Daily

More than institutions of China’s economic growth is expected to increase
In economic data released in July on the eve of a number of international agencies have raised the expectations of China’s economic growth. Such as Standard Chartered Bank will be in China this year and next, respectively, on the expected economic growth to 8.5% and 8.9% respectively.

Standard Chartered Bank, the Asian Studies Department had previously estimated that China’s economy grew 7.4 percent this year, next year’s growth of 8.0%. However, with the pick-up in the first half of China’s economy has stabilized, the strong performance of some indicators, the Standard Chartered Bank China’s economic growth this year and next year are expected to increase.

Chief Economist, Standard Chartered Bank in Asia and Kwan, head of research said, “we do not may be less than the original 7%, and now we see, in particular the second quarter, after the figures, it is clear that growth has accelerated, so we now have a whole year almost 8.5 percent, close to 9 percent next year. “Standard Chartered Bank believes that, despite the short period of time China’s exports hard to the sharp rebound in imports will resume soon, there will be significant growth in domestic consumption, domestic demand will lead to better recovery of the Chinese economy.

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