WB ups China 2010 GDP growth forecast to 10%

0 CommentsPrint E-mail Xinhua, November 3, 2010
Adjust font size:

The World Bank Wednesday raised its forecast for growth of China's gross domestic product (GDP) in full-year 2010 to 10 percent from its previous estimate of 9.5 percent.

In its latest China Quarterly Update, a regular assessment of China's economy, the World Bank predicted China's GDP growth in 2011 to slow to 8.7 percent and then ease further over the medium term.

Pushed up by higher food prices, inflation may stay above the government's 2010 three percent target for a while, the report released Wednesday said.

Chinese growth has moderated, with a shifting composition of decelerated investment, urban consumption and imports, as the effects of the stimulus package fade and monetary policy is normalized, it said.

According to data released by the National Bureau of Statistics last month, China's GDP growth rate slowed to 9.6 percent in the third quarter but was 10.6 percent for the first nine months of the year.

The World Bank said China's economic prospects are sound but that risks remain.

"Growth may ease a bit further as global growth decelerates and the macro stance is normalized but it remains supported by the traditional growth drivers and a robust labor market," said Louis Kuijs, a senior economist of the World Bank in China.

The World Bank said global growth prospects are fairly favorable due to emerging market strength but warned that risks include a weaker outlook in high-income countries.

China's consumer price index (CPI) in September accelerated to 3.6 percent year on year, a 23-month high.

"Further normalization of the macroeconomic stance is needed to guard against macro risks," said Ardo Hansson, lead China economist for the World Bank.

According to the report, international liquidity is a challenge to China's monetary policy but that the challenge is more manageable in China than in some other emerging markets.

"Measures can be taken to enhance protection against unwanted capital flows," the report said.

The report said said changing the economic growth pattern in also important.

"China is facing two main challenges in the next five years: One is realizing sustained rapid economic growth. The other is quality of economic growth," said Kuijs.

Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 欧美xxxxx做受vr| 精品人妻少妇一区二区三区| 欧美日韩亚洲国产一区二区综合| 国产尹人香蕉综合在线电影| 99久久精品这里只有精品| 快点使劲舒服爽视频| 久久久久久久久久久久福利| 男生gay私视频洗澡| 国产99在线观看| 高清国语自产拍免费视频国产| 国产精品R级最新在线观看| 91久久香蕉国产线看| 天啪天天久久天天综合啪| 久久无码无码久久综合综合| 欧美人禽杂交狂配动态图| 午夜亚洲av永久无码精品| h视频在线观看免费观看| 国精产品一品二品国精品69xx| www.欧美色| 少妇一晚三次一区二区三区| 中文字幕不卡在线高清| 无套内射视频囯产| 久久久久亚洲av综合波多野结衣| 日韩人妻无码精品专区| 五月天婷婷丁香| 激情内射亚洲一区二区三区| 免费看黄的网页| 精品人妻一区二区三区浪潮在线| 四虎亚洲国产成人久久精品| 福利视频1000| 国产精品福利一区二区久久| 97久久精品人人做人人爽| 在线观看网址入口2020国产| jlzz奶水太多奶水太多| 好吊妞欧美视频免费| zztt668.su黑料不打烊| 尤物永久免费AV无码网站| 三级日本高清完整版热播| 成人毛片全部免费观看| 中国一级毛片免费看视频| 杨幂下面好紧好湿好爽|