Tue, Dec 30, 2014 - Page 15 News List

Growth outlook for next year cut again


China’s GDP growth is expected to slow to 7 percent next year from an estimated 7.3 percent this year, partly due to weakness in global economies, a top Chinese government think tank said in a report published yesterday.

“The growth of the world economy may recover slightly in 2015, but it will be difficult to see it fully recovering from weakness seen since the global financial crisis,” China’s State Information Center said.

“As such, our country’s economic growth will show a trend of gradual slowdown, and is forecast to grow around 7 percent in 2015,” it said in the report published in the official China Securities Journal.

China’s consumer price index is expected to increase less than 2 percent next year, compared with a forecast of more than 2 percent this year, the think tank said.

Growth of exports is expected to improve slightly to 7 percent from a forecast 6 percent this year, it said.

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