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China's GDP forecast to grow 10.6% in Q4

(chinadaily.com.cn)
Updated: 2009-10-26 16:37

China's GDP will grow 10.6 percent in the fourth quarter of 2009, with the consumer price index (CPI) turning positive and gaining 0.5 percent, according to the Langrun Forecast released last Saturday at the China Center for Economic Research (CCER) of Peking University.

Related readings:  China's GDP growth accelerates to 8.9% in Q3  China's Jan-Sept GDP growth likely to top 7%

China's target of eight-percent GDP growth is almost sure to be realized and the country's CPI is likely to turn positive, the Forecast showed. It also spotlights that China's domestic demand is increasing at a high speed and the export sector is recovering.

The Forecast was the work of 21 organizations, including the State Information Center, the China Academy of Social Sciences, Morgan Stanley, the China International Capital Corporation Limited and the CCER.