Sign in | Join free

Chinese economy likely to grow by 8.3% in 2012

Chinese economy likely to grow by 8.3% in 2012 Source: www.chinatexnet.com
Date: 21-03-2012
Visits: 216
Very Poor

China´s economic growth rate is projected to slow further to 8.3 percent in 2012 due to uncertainties in the global economy, Standard & Poor (S&P) said Wednesday.

The growth rate, though lower than the 9.2-percent recorded in 2011, will still allow China to stand out among the world´s major economies, the rating agency said.

The rate is also higher than the 7.5-percent official target set during the annual meeting of the National People´s Congress, China´s top legislature, earlier the month.

China´s GDP experienced a slowdown last year, with weak external demand for exports and tightening measures to curb inflation weighing on growth. The GDP grew by 9.2 percent, compared to 10.4 percent in 2010.

Local authorities´focus on boosting the GDP and increasing government support for small- and mid-sized businesses will provide growth momentum, S&P said.

The Chinese government is also likely to increase fiscal spending and cut taxes to boost household consumption, it added.

However, potentially adverse developments in the eurozone and Middle East could threaten China´s economic growth, according to the agency.

like 171 Unlike 19
Users Comments
No comments to display
Are you sure you want to delete this comment.
Add your comment
User Name:
Email: Will not be published
Rate This article:
Comment:
Maximum 3500 characters
Your name
Your email address
Your friend email address
  • /images/ourservices/125-600/pricetrend.jpg
  • /images/ourservices/125-600/product.jpg
  • /images/ourservices/125-600/videos.jpg
Suntex Asia Limited
32341 Users
have already joined suntexasia.com. Shouldn't you?
Full registration will provide you access to all our free services. It takes only one minute and it is free Go here
Quick registration (it's free)
Accesss to some of our free services
Select membership
Full Name
User Name
Email
Password
Enter the code
scstc
(Note: If you can't read the letters, reload the page to generate a new one.)
terms and conditions
 
Members Login
Already registered
Email
Password
Forgot your password
golden fees
Enter your e-mail address
Choose your room