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China Growth forecast to exceed 7% in 2013

China's economic growth will be above 7 percent in 2013 - that's the verdict of 85 out of 100 Chinese economists in a survey published by Web portal 163.com on Thursday.

Among them, 18 percent said the economy will expand more than 8 percent next year.

Fifteen percent were less optimistic, saying that the rate would be below 7 percent.

Amid an overall favorable outlook for the economy next year, nearly 60 percent of the economists said the government would maintain a "neutral" monetary policy, while 35 percent said the stance would be more relaxed.

But most of them, 73 percent, suggested that the authorities should do more to lower the tax burden on businesses and consumers in order to let the economy recover.

Nearly 60 percent of the economists surveyed do not support removing the current restrictions on the real estate market, and a similar proportion said housing prices will rise along with the transaction volume.

The survey was carried out on the eve of the annual Central Economic Work Conference reportedly to be held this weekend, which is expected to set the growth target for 2013 at 7.5 percent and focus on the quality and efficiency of growth.

The result echoed another survey by Wind Information Co Ltd of 41 institutional analysts which put next year's growth rate at 7.9 percent.

China's economic growth rate fell to 7.4 percent in the third quarter of this year, a level that remains enviable globally but is seen by analysts as a trough after years of rapid development. Most of them estimated the figure will pick up to above 7.5 percent in the fourth quarter.


Rayzone Glass Industry Co., Ltd.   Tel£º+0086 22 23156681    +0086 22 23157133
E_mail£ºrayzonegroup@hotmail.com  majingjing@rayzonegroup.com
 ADD£º3-2-47A05 Chengji Center,No.125 Nanjing Road, Heping District, Tianjin, China
Factory Address£º North of Sun Village, East Port Town, Seaport District, Qinhuangdao