BoCom positive on GDP rise
Source: Xinhua |
February 1, 2010, Monday
|
Print Edition
Print Edition
THE Bank of Communications said over the weekend that China would enter a new round of an upward economic growth cycle in 2010.
But BoCom warned the country to watch out for assets bubbles, inflation risks and an accelerated inflow of international capital this year, said a report issued by China's fifth-largest bank by assets.
China's gross domestic product is set to rise by 10.4 percent in 2010 with a sharp growth rate in the first half and to slow in the second half, according to the report.
The economy would be boosted by a higher rate of urbanization and a quick and stable development in real estate and the automobile sectors, said BoCom chief economist Lian Ping.
China would not experience obvious inflation despite a slight rise in consumer prices, the report said.
But BoCom warned the country to watch out for assets bubbles, inflation risks and an accelerated inflow of international capital this year, said a report issued by China's fifth-largest bank by assets.
China's gross domestic product is set to rise by 10.4 percent in 2010 with a sharp growth rate in the first half and to slow in the second half, according to the report.
The economy would be boosted by a higher rate of urbanization and a quick and stable development in real estate and the automobile sectors, said BoCom chief economist Lian Ping.
China would not experience obvious inflation despite a slight rise in consumer prices, the report said.
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