Estimates for China''s GDP growth for 2007 are being
revised upwards, with virtually all major economic indexes
in January and February 2007 having exceeded their performance
in the same period last year.
last month the Chinese government forecast that the country''s
GDP would grow by about eight per cent this year, after
four consecutive years of double-digit growth, including
10.7 per cent GDP growth last year, the fastest in a decade.
say the lower growth was an attempt to shift to slower
but quality growth over over one driven by large numbers.
director of the institute of economic research of the
National Development and Reform Commission, Chen Dongqi
reported, "GDP growth in the first quarter will be
faster than in the equivalent period last year and also
that of the previous quarter."
state information centre has adjusted its GDP growth forecast
for the first quarter from 10.2 per cent to about 11 per
the government last year adopting a number of tightening
measures, economic growth has shown clear signs of rebounding
in the past quarter.
show that urban fixed-asset investment picked up moderately
to 23.4 per cent year-on-year in January-February, and
from about 20 per cent in the fourth quarter of last year,
reversing the trend of a gradual slowdown since last July.