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Key China think-tank sees 8% GDP growth in Q1

Published on Feb 27, 2013 8:25 AM
 
A worker pushes a cart outside a wholesale clothing market in Shanghai on Feb 25, 2013. China's gross domestic product will grow at annualised rate of about 8 per cent in the first quarter of 2013 while the consumer price index will rise around a yearly 2.6 per cent, the China Securities News said, quoting the State Information Centre (SIC), a leading government think-tank. -- FILE PHOTO: AFP

SHANGHAI (REUTERS) - China's gross domestic product will grow at annualised rate of about 8 per cent in the first quarter of 2013 while the consumer price index will rise around a yearly 2.6 per cent, the China Securities News said, quoting the State Information Centre (SIC), a leading government think-tank.

Fixed asset investment will grow 21 per cent during the quarter, a similar rate as the same period last year, it said.

After seven straight quarters of slowdown, growth picked up in the fourth quarter last year but 2012 still marked the slowest year of growth for China since 1999.

China's economic growth is likely to rebound to 8.1 per cent in 2013 from 7.8 per cent last year, a Reuters poll showed in late January.

 
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