CHINA’S ECONOMY (CQU, APRIL 2011)

CHINA’S ECONOMIC OUTLOOK REMAINS FAVORABLE, BUT FURTHER MACRO POLICY NORMALIZATION IS NEEDED

The World Bank, Press Release No: 2011/451/EAP

April 28, 2011

BEIJING, April 28, 2011 – China’s economic outlook remains broadly favorable with real GDP growth projected at 9.3 percent in 2011 and 8.7 percent in 2012, but risks on inflation and the property market call for full normalization of the macroeconomic stance to keep growth on track, according to the World Bank’s latest China Quarterly Update released today.

“Headwind from a normalized macroeconomic stance, inflation, and somewhat slower global growth is likely to be partly offset by solid corporate investment and a still robust labor market,” says Ardo Hansson, Lead Economist for China. “In all, with a broadly neutral contribution of net trade, we now project China’s real GDP growth at 9.3 percent in 2011 and 8.7 percent in 2012.”

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