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BOC: China's economic growth to slow down in 2008 [Copy link] 中文

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Post time 2008-1-11 09:31:55 |Display all floors
http://www.chinadaily.com.cn/china/2008-01/10/content_6385505.htm
(Xinhua)
Updated: 2008-01-10 21:31


BEIJING -- China's economic growth is estimated to be 10.5 percent in 2008, slightly lower than in 2007, a report released by Bank of China said on Thursday.

Inflation pressures would still exist in 2008, but would gradually flatten over the year, said the report.

The annual consumer price index would stay somewhere between 4.5 percent, down from the figure in 2007, which is estimated at 4.7 percent.
Imports and exports would continue to grow rapidly, but the fast pace in exports would slow. With a stable rise in imports, the growth in trade surplus would gradually narrow.

The Chinese yuan was expected to appreciate faster against the US dollar in the first half of the year compared with the latter half, the report said.

It warned the appreciation would have more negative impacts on the profits of export-oriented companies, and suggested the government should be careful with exchange rate policies to avoid a cooling effect on the domestic economy of a possible decline in exports.

The growth of bank loans would be controlled by the newly adopted tightening monetary policy, and absorbing excess liquidity would still top the government agenda with regards to monetary policy.

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Post time 2008-1-11 14:06:55 |Display all floors
monetary policy

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Post time 2008-1-11 18:44:09 |Display all floors
Chinese government is willing to see the slowdown of GDP growth,so as to cool inflation which is a big worry to the government .It is in the  interest of the government to cool the economy that the reason why the government spared no effort to do it

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Post time 2008-1-12 00:48:56 |Display all floors
Still very fast.
But the people income increase does not vary directly as the GDC growth.

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Post time 2008-1-12 11:04:00 |Display all floors
the price of everything is growing, exccpt  our salary...

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Post time 2008-1-12 11:07:05 |Display all floors
people's income stays as usual while the CPI just like a skyrocket,no matter what happened, the citizens suffer the pains ~~~~

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Post time 2008-1-12 11:58:54 |Display all floors
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Roach Exterminator

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