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Economists see quickened China growth in Q4 2012

English.news.cn   2013-01-18 10:04:07            

By CCTV correspondent Martina Fuchs

BEIJING, Jan. 18 (Xinhuanet) -- It's just one day out from tomorrow’s data deluge from China, all of which will tell us how the world’s second-largest economy fared in 2012. Analysts see annual growth accelerating to 7.8 percent in the last quarter of 2012.

Friday is the day when the figure will be disclosed. And global markets will be moved.

At 10 am local time or 0200 GMT, the long guessing game will be over.

This is what experts at The Economist’s China Summit in Beijing are expecting for the full-year and beyond.

A Reuters poll this month showed that China’s annual economic growth may have quickened to 7.8 percent in the fourth quarter from a year earlier.

This would be up from the third quarter figure of 7.4 percent, which was the weakest expansion since the peak of the global financial crisis in early 2009.

Martina Fuchs, Beijing, said,"Beijingers have felt probably the worst air pollution on record over the last couple of days. The smog cloud was even visible from space. But finally, the sun is slowly shining through again. The same might apply to the Chinese economy this year."

Activity has picked up since September, supported by faster infrastructure investment and a heating up of the housing market. After a rollercoaster 2012, China’s economy is expected to recover further in 2013.

According to the Chinese Academy of Social Sciences, China’s economy growth may quicken to 8.2 percent in 2013 thanks to the government’s deepening reforms to support long-term growth.

In the meantime, downside risks still remain, especially rising price pressures, a weak external environment, and a large inventory overhang.

(Source: cntv.com)

Editor: Bi Mingxin
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