China's economy may grow 8 percent in 2013: expert  

林毅夫：2013年中國經濟增長率會維持在8%左右

北京大學國家發展研究院名譽院長、前世界銀行首席經濟學家林毅夫9日在北京表示，中國第四季度的經濟增長率會回暖復蘇，2013年整體上會維持在8%左右甚至更高。

Beijing (CNS) -- China's annual economic growth could be around 8 percent or even higher in 2013 after a revival in the fourth quarter, an expert said on Sunday.

Justin Yifu Lin, former World Bank chief economist and honorary president of the National School of Development at Peking University, made the remarks during a public lecture held by the All-China Federation of Industry and Commerce.

Lin discussed the weak forces behind China's economic growth, saying that exports remained low due to the European debt crisis and that the effects of an active financial policy is disappearing. What's more, the government's control of the property market against inflation will definitely curb investment demand, he said.

China's economy has grown at a slow rate for seven consecutive quarters, but the slow pace is periodic, not structural, Lin said, adding that China has better financial conditions than foreign countries.