Fri, Oct 19, 2012 - Page 15 News List

China eyes tepid rebound on new data

AHEAD OF FORECASTS:The National Bureau of Statistics insists the nation will meet or exceed the official annual economic growth target of 7.5 percent this year

Reuters, BEIJING

“There is still a bit of uncertainty around how much housing can hold up. That’s a critical sector, representing 27 percent of [total] investment and that’s probably where the uncertainty is at the moment,” Zhang said, adding that nevertheless signs pointed clearly to a visible rebound in GDP growth in the fourth quarter.

Beijing reduced its full-year growth target to 7.5 percent for this year from the previous 8 percent, and the consensus forecast of economists polled by Reuters is that it will deliver on that goal with an expansion of 7.7 percent.

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