国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

National

Regional

Taiwan, HK, Macao

Special Coverage

Focus

Society

Profiles

China expects economic growth of 10% in 2009 - expert

(Xinhua)
Updated: 2008-11-30 15:37

BEIJING -- China's economy is expected to grow by 10 percent in 2009 despite the impact of the financial crisis and global economic downturn, a researcher with the country's Cabinet said.

Workers set up scaffoldings at a construction site in Shanghai November 3, 2008. China's economy is expected to grow by 10 percent in 2009 despite the impact of the financial crisis and global economic downturn, a researcher with the country's Cabinet said. [Agencies]

Related readings: China's reform and opening-up benefits regional, world economy Top planner: Pressure on economy increasing More policies set to boost economy China's Reform gives impetus to global economy

"Although dim world economic situation has led to weak overseas demand,domestic consumption and investments, vast development potential decided the country's economy will grow at fast paces," said Zhang Liqun, the Development Research Center of the State Council researcher.

He forecasted China's economic growth would accelerate largely at the second half of next year.

Zhang said his remarks were based on the country's huge domestic consumption, and investment potentials; sufficient fund, technology, labor and social security, and the government's gradually mature macro-economic control measures.

"Personal income continues to increase as millions of migrant workers flow into the city to get their lives improved. Enlarging demand for houses and autos will form huge and lasting consuming power," he said.

"However, domestic enterprises need to accelerate their paces in upgrading business structure, in a bid to better cope with severe world economic situation," he said.

China's gross domestic product (GDP) grew to 20.16 trillion yuan (2.96 trillion US dollars) in the first three quarters of this year, up 9.9 percent from the same period of last year. The growth rate was 2.3 percentage points lower than the same period of last year.

In addition, Zhang expected the country's consumer price index, or the main inflation gauge, to increase by three percent in 2009 year on year.  The index hit a record of 8.7 percent in February, and went up seven percent in the first nine months, far high from the government's aim of 4.8 percent.