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Article: ANALYSIS - OUTLOOK FOR CHINA'S ECONOMIC GROWTH NOT OPTIMISTIC.
- Article from:
- AsiaPulse News
- Article date:
- July 29, 2008
CopyrightCOPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BEIJING, July 29 Asia Pulse - The market outlook for China's economic growth in the future is not optimistic. The result of an investigation titled "China Macro Economic Forecast" shows that China's economic growth may further slip in the third quarter of this year to be around 9.8 per cent.
The result is an average of the forecasts of 23 Chinese and foreign institutions. Economists generally hold that the inflation rate in China will drop further in the third quarter from the second quarter of this year; and the consumer price index (CPI) will drop to around 6.5 per cent. But as inflation rate was high in the first and second quarters of this year, economists ...