China’s GDP may get 9% growth next year
According to the nation’s think tank the day before yesterday, China’s GDP growth could get 9% next year.
Because of the moves of stimulating investment and consumption, it is believed that the GDP growth could get 9% next year—with 70% possibility.
Wang Tongsan, a senior economist also holds the same opinion, he said the growth might be higher.
According to the economic forecast research team, the growth rate in economy next year will be 9.3%, which is higher than those made by international organizations.
The World Bank said last month that although they expect China can have 9.4% growth this year, China’s growth may slow to 7.5% next year, the lowest since 1990, as the global financial crisis would affect more on economy in 2009.
The whole world is paying attention to China’s next year’s growth. An Organization of Economic Cooperation and Development report said China’s growth next year could be 8%, while the International Monetary Fund put it at 8.5%.
Chinese Academy of Social Sciences (CASS)’s Wang said the stimulus package and moves from government will make next year different. They believe the policies to spur domestic demand will work well and bring impressive effect.
Local government have promised to follow the central government’s steps to give a hand helping stop the national economy from sliding further after it registered an annualized 9% growth in the third quarter of this year.
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