Steady growth the goal for GDP
By Li Yang | China Daily | Updated: 2013-10-24 07:34
Chinese analysts believe that growth of the world's second-largest economy will stabilize at about 7.6 percent in the fourth quarter, with expansion to reach least 7.5 percent next year .
GDP increased 7.8 percent in the third quarter, 0.3 percentage point faster than in the first quarter and 0.1 points more than in the second quarter.
"Improvement in the leading indicators we follow, such as production of crude steel and vehicles, fixed-asset investment and new loans, as well as de-stocking, all indicate the economy will end up well in the fourth quarter," Fan Jianping, chief economist with the Beijing-based State Information Center, told a forum on Wednesday.
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