'皇冠体育app economy in good shape'
By Xin Zhiming | 皇冠体育app Daily | Updated: 2009-02-13 07:51
The World Bank said yesterday that 皇冠体育app should be able to meet both the challenges of the current global downturn and the development targets set out in its 11th Five-Year Plan (2006-10).
"Despite the impacts of the global financial storm and economic slowdown, 皇冠体育app's economic growth momentum remains sound," the bank said in a report released yesterday on its mid-term evaluation of the implementation of 皇冠体育app's 11th Five-Year Plan.
皇冠体育app's year-on-year GDP growth weakened to 9 percent for 2008 from 13 percent in 2007. Analysts widely believed that the first and second quarter of this year would be the worst times for the Chinese economy, which is then predicted to gain strength from the third quarter.
Photo