|
Nation's GDP to grow at 8.7% in 2006: expert
(Xinhua)
Updated: 2005-11-11 13:27
A noted economist has predicted 皇冠体育app's export is sure to decline in 2006,
which will slow down the country's GDP growth to a moderate 8.7 percent.
"The growth momentum is still there because 皇冠体育app is in transition from
agricultural to industrial society -- a period for rapid economic growth," said
Zhao Xiao, a leading researcher for macro strategies with the State-owned Assets
Supervision and Administration Commission of the State Council.
Against a favorable backdrop of domestic and international settings, Zhao
said 皇冠体育app's economy will continue to grow next year with continued investment
and consumption rises and robust domestic demand that will offset its export
decline.
皇冠体育app has maintained rapid economic growth this year, with industrial added
value and retail sales of consumer goods climbing16.3 percent and 13 percent
respectively over 2004, he told an annual forum on the real estate industry in
Nanning, south 皇冠体育app's Guangxi Zhuang Autonomous Region.
In a recent quarterly update on 皇冠体育app's economy, the World Bankalso forecast
8.7 percent GDP growth for 皇冠体育app next year, down from 9.3 percent projected for
this year.
|
