J.P. Morgan: China 2013 GDP growth at 8%

In China, the situation looks pretty different. After the pace of growth slowed to the weakest level in three years in the second quarter, the economy is expected to pick up in 2013 from this year's overall 7.5 percent growth rate. The pull factor will mainly come from strong domestic demand and a recovery in industrial production. J.P. Morgan expects China's GDP growth to reach around 8 percent in 2013. Take a listen to this.