The Asian Development Bank (ADB) has revised its forecast for China’s 2013 economic growth from 8.1 percent to 8.2 percent while stressing downside risks.
Buoyed by strong consumer spending and fiscal expenditure, China’s economic growth is expected to rebound from the 13-year low of 7.8 percent in 2012 to 8.2 percent this year, according to an ADB report released on Tuesday. The Chinese economy will maintain its recovering momentum in the first half of 2013, and its economic growth will stabilize in the second half as the effects of last year’s stimulus package sink in, said Hamid L. Sharif, country director for ADB’s Resident Mission in China.
Read Full Article HERE
English.news.cn via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/N-aANG3AvXo/
No comments:
Post a Comment