Friday May 25, 2018
    Home > BUSINESS
    Text:| Print|

    China's economy to see mild pickup: expert

    2012-09-09 22:32 Xinhua     Web Editor: Wang Haining comment

    China's economic growth is expected to see a mild pickup at the end of this year that will provide room for structural adjustments, Ba Shusong, a researcher with the State Council Development Research Center, said Sunday at the ongoing 16th International Fair for Investment and Trade being held in southeast China's city of Xiamen.

    Ba said that with China's pro-growth policies gradually taking effect, the economy has bottomed out and will see mild expansion this year and next year.

    He also predicted that China's inflation, which rebounded to 2 percent in August, will gradually climb due to easing monetary policies.

    "The inflationary pressure for this year will not be high, but for next year, the rate will reach between 3 to 4 percent," he said.

    Ba said inflation and industrial overcapacity concerns have prevented the government from issuing a stimulus plan, as it did during the 2008 global financial crisis.

    "The government should leave time for an industry reshuffle and structural adjustments," he said.

    Regarding recent infrastructure investment plans, Ba said China needs to rely on investment to shore up growth, adding that reasonable input in infrastructure is necessary to meet the demands of China's rapid urbanization.

    "The key lies in efficient investment," he added.

    Comments (0)

    Copyright ©1999-2011 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.

    主站蜘蛛池模板: 双鸭山市| 宣城市| 井研县| 松原市| 洛扎县| 阿坝| 锦屏县| 枝江市| 城市| 什邡市| 福贡县| 邢台县| 新邵县| 娄烦县| 宁明县| 舟曲县| 景谷| 会宁县| 平乡县| 永昌县| 乐业县| 巴楚县| 石阡县| 常熟市| 西吉县| 铜陵市| 阜新| 泉州市| 浙江省| 鄂温| 屏南县| 郁南县| 博野县| 诏安县| 龙海市| 南开区| 汝州市| 高淳县| 德庆县| 双峰县| 新田县|