e-magazine
The Hot Zone
China's newly announced air defense identification zone over the East China Sea aims to shore up national security
Current Issue
· Table of Contents
· Editor's Desk
· Previous Issues
· Subscribe to Mag
Subscribe Now >>
Expert's View
World
Nation
Business
Finance
Market Watch
Legal-Ease
North American Report
Forum
Government Documents
Expat's Eye
Health
Science/Technology
Lifestyle
Books
Movies
Backgrounders
Special
Photo Gallery
Blogs
Reader's Service
Learning with
'Beijing Review'
E-mail us
RSS Feeds
PDF Edition
Web-magazine
Reader's Letters
Make Beijing Review your homepage
Hot Links

cheap eyeglasses
Market Avenue
eBeijing

Latest
Special> Coping With the Global Financial Crisis> Latest
UPDATED: November 3, 2009
China's Economic Growth to Exceed 10% in Q4: China Construction Bank
China's full year economic growth would reach 8.3 percent
Share

China's economic growth would exceed 10 percent in the fourth quarter due to climbing export orders and increasing domestic consumption, according to a report issued by China Construction Bank (CCB) Tuesday.

The report said China's full year economic growth would reach 8.3 percent, compared with Asian Bank's forecast of 8.2 percent in September and HSBC's 8.1 percent this week.

As the economy rebounded, both investor and consumer confidence would rise in the fourth quarter, which would further strengthen the economic recovery.

The National Bureau of Statistic said last week China's purchase management index rose to 55.2 percent in October, an increase of 0.9 percentage points from the previous month, indicating the economy was on an upward trend.

As developed countries showed more signs of economic recovery, China's exports would pick up with trade surplus expected to reach250 billion U.S. dollars this year, said the report.

Automobile sales in the world's third-biggest economy broke 5 million mark in the first nine months due to tax cuts and stimulus measures, indicating China's domestic demand was expanding fast.

Though China's economic growth accelerated to 8.9 percent year on year in the third quarter, the fastest pace within a year, the economic recovery was not solid yet and there were still many uncertainties ahead.

The government should keep monetary policies relatively loose and avoid withdrawing stimulus measures too early, said the report.

(Xinhua News Agency November 3, 2009)



 
Top Story
-Protecting Ocean Rights
-Partners in Defense
-Fighting HIV+'s Stigma
-HIV: Privacy VS. Protection
-Setting the Tone
Most Popular
 
About BEIJINGREVIEW | About beijingreview.com | Rss Feeds | Contact us | Advertising | Subscribe & Service | Make Beijing Review your homepage
Copyright Beijing Review All right reserved