Monday 21 January 2013

CHINA’S ECONOMY IN 2013

The Hong Kong Standard

MAINLAND LIKELY FACES NEW HURDLES NEXT YEAR

The Hong Kong Standard, January 21, 2013

At a recent Beijing meeting, the representative of the China Center for Economic Research noted the mainland economy was facing serious trouble, as domestic consumption remained weak while global economic factors continued to be uncertain.

In fact, China's latest economic numbers - for the fourth quarter and full-year 2012 released on Friday - should also elicit concern. The nation's GDP registered an above-forecast growth of 7.9 percent in the fourth quarter.

For 2012, GDP expanded by 7.8 percent, topping the 7.5 percent forecast made by the State Council in January.

With more public investments, GDP growth could reach 8 percent this year.

But does this mean that there is no risk to China's economy?

(...) [article here]

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