China's economy may have grown around 7.5 percent in the second quarter and nearly 8 percent in the first half, and will recover steadily in the second half as policy stimulus gains traction, a senior economist at the cabinet's think-tank said on Thursday. "The economy is likely to stabilize and even recover modestly in the second half as such policy measures show results," Yu Bin, director of macro-economic research department of the Development Research Centre (DRC), told a news conference. Growth in the first half was close to 8 percent," he said. In the first quarter of 2012, China's economy grew 8.1 percent from a year earlier. Yu predicted the economy could grow around 8 percent in 2012. The government aims for annual growth of 7.5 percent. The world's second-largest economy is entering a phase of more modest expansion relative to the 10 percent annual average rate in the past three decades, but it could still maintain a 7-8 percent annual rate in the next 10 years, Yu said. Yu said the government needs to stimulate infrastructure investment to ensure economic growth.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor