China's GDP is expected to increase 10.8 percent in 2007, a
report by the economic research center of Renmin University of
China said in Beijing?on July 7.
The report also predicts that the country's investment will grow
by 21.8 percent year on year in 2007, consumption will grow by 16.2
percent, and trade surplus will rise by over 60 percent.
The GDP growth predicted by the university is paralleled with
the forecast of the People's Bank of China, the central bank, which
said last Monday that the country's GDP is expected to increase
10.8 percent in 2007.
On June 13 Chinese Premier Wen Jiabao presided a State Council
meeting to discuss the problems in China's economy, and the State
Council warned that there was excessive growth in industrial
production, trade surplus and investment.
The central government said it is necessary to improve
macroeconomic regulation to prevent the economy from
overheating.
(Xinhua News Agency July 8, 2007)