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China's GDP to Grow 8 pct: Think Tank

Release time:2013-04-05

Apr 27, 2013 03:48 GMT   Source: Xinhua 

Summary: China's GDP is expected to expand by about 8 percent this year with CPI growing moderately at 3.4 percent.

 

BEIJING, April 27 -- China's GDP is expected to expand by about 8 percent this year with CPI growing moderately at 3.4 percent, according to a report by the Chinese Academy of Social Sciences (CASS).
 
The think tank said in a blue paper released on Friday that China's economy will maintain a continuous and stable growth rate amid slow recovery of the world economy and quantitative easing policies adopted by major economies, including the United States, European countries and Japan.
 
Social fixed-assets investment is expected to exceed 45 trillion yuan (7.3 trillion U.S. dollars), a real growth of 17.9 percent from 201