日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

GDP growth likely to slow down in second half
(Agencies)
Updated: 2005-07-12 10:47

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 gross domestic product in the first half of the year was 9.1 to 9.2 percent higher than a year earlier, estimated the official, Chen Dongqi, deputy director of the National Development and Reform Commission's Macroeconomic Institute.

Since first-quarter economic output was up 9.4 percent on a year before, the commission's half-year estimate suggests a slower second quarter. Official second-quarter data is due this month.

The government has been trying for the past two years to rebalance the economy, promoting consumption while discouraging investment in sectors that it reckons are growing too fast, risking a bust.

Close

Special police detachment established in Xi'an Panda cubs doing well in Wolong Suspect arrested in Taiwan

Today's Top News     Top China News
Taiwan's KMT Party to elect new leader Saturday         'No trouble brewing,' beer industry insists         Critics see security threat in Unocal bid         DPRK: Nuke-free peninsula our goal         Workplace death toll set to soar in China         No foreign controlling stakes in steel firms	No foreign controlling stakes in steel firms       China-made telescopes race to space       'No trouble brewing,' beer industry insists       HK investors cautious on mainland homes       Law in pipeline to ban money laundering       Overseas students test their Chinese abilities