China GDP to grow by 8.3% in 2009, says CASS
By Zhang Ran | China Daily | Updated: 2009-04-23 07:46
The Chinese economy is projected to grow 8.3 percent this year, according to a report released by the Chinese Academy of Social Sciences (CASS).
"Since there is a decline in exports, economic growth will mainly depend on consumption and investment. We expect consumption to contribute 4.3 percentage points to GDP growth, while investment may contribute 2 percentage points," CASS said.
CASS economists said total investment in fixed assets, a key requirement for an 8 percent growth target, was likely to range between 21 and 23 trillion yuan.
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