The slowdown in China's economic growth will be curbed in the fourth quarter of the year following government measures, but uncertainties remain for future development, said a report released by the Center for China in the World Economy of Tsinghua University on September 23.

China's economy is expected to grow by 7.7 percent in the first three quarters of 2012, while the growth for the entire year is forecast at 7.8 percent, according to the report.

China still has potential for rapid growth in the mid- and long term, and urbanization will be the greatest boost for the country's future development. The report estimated that China's GDP will grow by 8.2 percent year on year in the first half 2013, while achieving 8 percent growth on average for the whole year.

However, the report said China's economy is also facing enormous risks, including global political upheaval and limited choices in crafting monetary policies.