Home / Business / News Tools: Save | Print | E-mail | Most Read | Comment
Official: China's economy to stabilize in Q2 of 2009
Adjust font size:

The Chinese economy will bottom out in the second quarter of next year, a top economic policymaker predicted Friday.

The national economy is expected to continue to slide down in the first quarter of next year, said Liu He, deputy director of the Office of the Central Leading Group on Finance and Economy Work, at the Caijing Annual Conference 2009 in Beijing.

But the slowdown is not a big problem, he said, adding that the Central Economic Work Conference, which wrapped up Wednesday, has reached a consensus that China is able to handle the challenge posed by the global financial turmoil and economic slowdown.

David Dollar, the World Bank's country director for China, said at the same conference that the first quarter of next year would be the most difficult for the Chinese economy. The world economy is expected to expand by only 1 percent next year, with trade volume contracting by 2.5 percent, the first decline in 20 years, he added.

Dollar reiterated the World Bank's earlier forecast that the Chinese economy will growth by 7.5 percent in 2009, compared to an estimated 9.4 percent to 9.8 percent in 2008.

(China Daily December 13, 2008)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>

Dec. 12 Beijing Caijing Annual Conference 2009
Dec. 13-14 Guangzhou Enterprise Development Forum
Dec. 20-21 Beijing 7th China Import & Export Enterprises Conference(CIEEC)

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?