China's growth set at 9.6%
Source: Xinhua |
April 12, 2011, Tuesday
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Print Edition
Print Edition
THE International Monetary Fund yesterday said China's economic growth may remain robust at 9.6 percent this year after growing by 10.3 percent in 2010.
The drivers of China's growth are shifting increasingly from public to private demand, the IMF said in its latest World Economic Outlook report.
"Consumption will be buttressed by rapid credit growth, supportive labor market conditions, and continued policy efforts to raise household disposable income," the report said.
The IMF also projected China economy will continue to grow by 9.5 percent in 2012.
The drivers of China's growth are shifting increasingly from public to private demand, the IMF said in its latest World Economic Outlook report.
"Consumption will be buttressed by rapid credit growth, supportive labor market conditions, and continued policy efforts to raise household disposable income," the report said.
The IMF also projected China economy will continue to grow by 9.5 percent in 2012.
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