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��Home>>China
China GDP growth 'likely to slow'
www.chinanews.cn 2005-07-12 11:22:10
(Agencies)
July 12 - China's economic growth will slow to 8.6 percent in the third
quarter and to 8.2 percent in the fourth amid government efforts to make
growth more sustainable, the China Securities Journal quoted a think-tank
as predicting.
That would take full-year growth to 8.8 percent, significantly lower than
9.5 percent seen last year and in 2003, the paper quoted a report by the
National Development and Reform Commission's Macroeconomic Institute as
saying.
The slower pace of growth would be in accordance with government efforts
to adjust macroeconomic controls and would not mean that China would
enter a cycle of low economic growth in the coming years, the paper
quoted the think-tank as saying.
The property market, which has been a focus of government efforts to cool
investment amid rapidly rising prices in major cities, would slow
significantly, the paper said, adding there were no assurances that a
soft landing in the sector could be achieved.
Export growth would also decelerate significantly, while a tight credit
environment would put the brakes on investment, it said.
China has entered a mild slowdown that could last one to two years, a
senior official from a powerful government agency said on Monday,
recommending faster credit growth as an antidote.
��China's GDP to grow 9%: Central bank (2005-07-08)
��China expects 8.6 0DP growth this year (2005-07-04)
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