Site Search  Search
Study in China Job/Internship Learning Chinese
Study in China more...
· Tsinghua University
· Universities
· A Brief Introduction to Chinese Visa and the Procedure for Visa Application
Job/Internship more...
· Job Opportunities for English Native Speakers
· English teacher
· Lucent interns
· Internship Opportunities
· English teacher
Learning Chinese more...
· A priceless treasure无价之宝
· A swan feather sent from one thousand li away千里送鹅毛
2010 economy 'looking good'

2010 economy;Chinese economy

The Chinese economy will grow by more than 8 percent in 2010, despite lingering uncertainties in the global market, a leading Chinese economist predicted.

Fan Gang, director of the China National Economic Research Institute and a member of the money policy committee of the People's Bank of China, is confident that the country can meet its GDP growth target of 8 percent this year and will keep the momentum of the economic recovery next year.

He attributed the strong economic growth to the government stimulus package, rising investment in property and industrial sectors as well as a growing trade surplus.

China's 4-trillion-yuan ($585 billion) stimulus package, mainly on domestic investment and consumption, is shoring up the economy, with manufacturing showing more signs of recovery, according to the State Council, or Chinese cabinet .

"Investment in real estate so far this year has almost fallen to its lowest level for years," Fan said, "yet money has started to flow into this sector and will increase quickly next year, making it a significant source of GDP growth."

From January to July, property sales have soared 37.1 percent year-on-year. Investment growth in real estate development has accelerated from 1 percent in January and February to 11.6 percent in July, according to Liu Shijin, deputy director and senior research fellow at the Development Research Center of the State Council. He spoke at a meeting of National People's Congress yesterday.

Industrial enterprises, particularly in mechanics and chemical sectors, will resume investment in 2010, despite warnings of overcapacity among enterprises and manufacturers, Fan said.

第  1  2  3  页
 Source : China Daily  Editor: Ivy
· Investors cold shoulder bonds as yields dip
· Business confidence index pointer to recovery
· Chinese economy remains in "good shape"
· Chinese economy full steam ahead
· NBS: Sub-prime loan crisis impacts China little
· Forum paints rosy economic picture
· Cartoon piglet brings home the bacon in mainland debut
· Cartoon piglet brings home the bacon in mainland debut
  在 线 查 词  

Privacy  |  About Us  |  Copyright  |  Advertisement  |  Contact Us