China's growth to hit 8% in 2013
Jordan 2011 - World Economic Forum Special Meeting on Economic Growth and Job Creation in the Arab World by World Economic Forum
License (according to Flickr): Attribution-ShareAlike License
License (according to Flickr): Attribution-ShareAlike License
"I think China's growth rate will be about 8% this year," Yi Gang said during a debate at the World Economic Forum in Davos, Switzerland. He said consumer price inflation could reach 3% or slightly higher. The world's second-biggest economy grew by 7. 8% last year, well below the average 10% growth seen in the past three decades but better than the government's own target of 7. 5% and above analyst expectations. The annual figure was boosted by a recovery in industrial production and exports in the fourth quarter, which grew 7. 9%, prompting economists to forecast a slow but steady recovery in 2013 The acceleration in the last three months of 2012 followed seven quarters of slowing growth as China felt the impact of weak activity in the United States and Europe, as well as its own efforts to control a real estate boom and contain inflation.
Keywords:
inflation China consumer price inflation growth World Economic Forum real estate boom extremely cold weather current account surplus GDP contain inflation tame inflation annual inflation second-biggest economy GDP growth Yi Gang growth rate analyst expectations hottest companies steady recovery weak activity industrial production annual figure United States preliminary reading purchasing managers highest level manufacturing sector food prices greater emphasis domestic demand important role consumption government Davos spurt incomes sentiment quarters economists acceleration decades Switzerland percentage debate impact Europe signsPeople:
Yi Gang
Overall Sentiment: 0.0205556
Relevance: 0.390187
| Sentiment | Quote |
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| 0.0359952 | "I think China's growth rate will be about 8% this year," Yi Gang said ... |
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Disambiguation: References:
Yi
Overall Sentiment: 0.157994
Relevance: 0.366503
| Sentiment | Quote |
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| 0.314392 | "Consumption is very robust," he said. ... |
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Additional Info:
Organization: government
Overall Sentiment: 0.341431
Relevance: 0.342631
Organization: World Economic Forum
Overall Sentiment: 0
Relevance: 0.323799
Disambiguation: References:
Country: China
Overall Sentiment: 0
Relevance: 0.870047
City: Davos
Overall Sentiment: 0
Relevance: 0.337501
Disambiguation: References:
FieldTerminology: Inflation
Overall Sentiment: -0.0605928
Relevance: 0.570924
FieldTerminology: inflation
Overall Sentiment: 0.108919
Relevance: 0.47382
FieldTerminology: GDP
Overall Sentiment: 0.094866
Relevance: 0.453177
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China's growth to hit 8% in 2013
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- China
- CNNMoney
- economy
- gdp
- growth
- inflation
- Manufacturing
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