The Chinese GDP growth should slow to 9.4% in 2008
By on
November 4th, 2008
| 
Print
The Chinese GDP growth should slow to 9.4% in 2008 against 11.4% in 2007, reducing exports cools the fourth largest economy in the world, according to a report published Sunday by a rating agency in China.
The fundamentals are healthy, but the decline in export orders hurt the national economy in the short term, and domestic consumption needs time to play a r? Most importantly, the report of the China’s credit rating Chengxin International.
The external economic environment in the process of change and the explosion of bubbles domestic assets exacerbate the decline of the economy, the analysis report.
A proactive fiscal policy is crucial to prevent the decline of the economy, and there is still room for further reductions in the ratio of reserve requirements and interest rates of banks.
The report also anticipated that the Chinese economy knows? Related growth of 8.6% in 2009, without explaining this forecast.
In September, the Asian Development Bank based in Manila had predicted that GDP growth in China could fall to 10% this year and 9.5% in 2009.
Leave a Reply