|
The country's gross domestic product (GDP) is expected to grow by 10.8 percent in the second quarter of this year, though the expansion of the trade surplus should slow during the period, according to the State Information Center.
The consumer price index (CPI) is expected to reach 3 percent in the second quarter of this year, said the center in a report published in the Chinese press yesterday. The State Information Center is a research body under the National Development and Reform Commission.
The center also predicted that the country's GDP would grow by 11 percent in the first half of this year. Driven by strong investment and trade growth, China's economy grew by 11.1 percent in the first quarter.
The center said the economy's consistently strong growth in the second quarter would be backed up by brisk growth in consumer spending and investment despite the tightening measures that have been put in place.
The report forecast that overall investment would increase by 24 percent year on year in the second quarter, while investment in the real estate sector would pick up from 26.9 percent in the first three months to 27 percent in the second quarter.
|
