China 2006 GDP Growth Forecast At 10%

The Chinese economy is expected to race ahead at around 10% average growth this year, the central bank said May 25, as regulators called for a clampdown on credit to the heated real estate sector. The government's official target for national gross domestic product (GDP) growth in 2006 is a modest 8%, but China's economy posted a 10.3% expansion in the first quarter.

The report also warned that overcapacity could impact industries this year, highlighting continued concerns in Beijing about overinvestment and the risk of sector-specific deflationary scenarios.

Copyright Agence France-Presse, 2006

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish