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Growth forecast
Source: Xinhua |
December 16, 2010, Thursday
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Print Edition
Print Edition
A LEADING Chinese government think tank in a research report issued yesterday predicted that China's economy in 2010 would grow 10 percent year on year with gross domestic product reaching 37 trillion yuan (US$5.56 trillion).
In its annual Blue Book of China's Society, the Chinese Academy of Social Sciences noted that in 2010 China had made great efforts to keep its macro economic policy consistent and its economy had begun to recover.
China's GDP stood at over 34 trillion yuan with economic growth of 9.1 percent in 2009.
Income levels continued to rise steadily among both urban and rural residents this year. The income growth rate of rural residents was forecast at more than 8 percent, outpacing the rate of their urban counterparts, the blue book said.
In its annual Blue Book of China's Society, the Chinese Academy of Social Sciences noted that in 2010 China had made great efforts to keep its macro economic policy consistent and its economy had begun to recover.
China's GDP stood at over 34 trillion yuan with economic growth of 9.1 percent in 2009.
Income levels continued to rise steadily among both urban and rural residents this year. The income growth rate of rural residents was forecast at more than 8 percent, outpacing the rate of their urban counterparts, the blue book said.
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