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CASS forecasts China's GDP growth at 7.5% in 2014

English.news.cn   2014-01-08 20:41:43            

BEIJING, Jan. 8 (Xinhua) -- According to a think tank report, 60 percent of economists interviewed forecast that China's 2014 gross domestic product (GDP) growth will stay at about 7.5 percent.

The report was publicized by the Institute of Industrial Economics of the Chinese Academy of Social Sciences (CASS) on Wednesday.

In December 2013, 111 Chinese economists were surveyed for the report, including 16 percent from the CASS and 65 percent from universities.

About 48 percent of the economists believed local governments have difficulties in paying off their debts, while the rest said they are capable of paying off debt.

China will publicize its economic performance on Jan. 20. The country set its 2013 growth rate target at 7.5 percent.

Related:

China works for a more unified GDP calculation

BEIJING, Jan. 7 (Xinhua) -- China will ramp up efforts to make national and provincial GDP calculation more unified to ensure statistics more accurately reflect economic performance, an official said on Tuesday.

Unified plans for local GDP calculation should be drawn up as soon as possible, National Bureau of Statistics (NBS) chief Ma Jiantang said. Full story

Editor: Shen Qing
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