Hot Predictions for Year to September

Related entries: Economy, General

Further to news (from China Daily) that the economy grew by 11.3 percent in the second quarter, the National Development and Reform Commission (NDRC) has released some estimates for the economy for the year to September (reported by Forbes). They include:

    • GDP growth: Up 10.8%
    • Trade surplus: US$100 billion
    • Retail sales: Up 13.4% to RMB5.11 trillion
    • Fixed-asset investment Up 28.5% pct year-on-year
    • Consumer Price Index (CPI): Up 1.4%

Economic news on the first half of the year was reported here, and included GDP growth of 10.9 percent. Cooling measures are being implemented, but if the heat in Shanghai is anything to go by, more will have to be done to avoid a hard or bumpy landing. One suggestion, in an article in this week’s Economist, is to get Chinese companies to start paying dividends – instead of investing all those retained earnings in fixed assets. Easy to say, but how to get all those state-owned companies to pay up (or account accurately)?

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One Response to “Hot Predictions for Year to September”

  1. Archive » SOEs Told To Pay Up| China Business Blog Says:

    […] nvestment, News, Corporate News, Economy Further to suggestions reported in July, and again in September, last year it seems that a pilot programme will see key state-owned […]

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