China to grow 7-8 percent for some time - cbank official

DAVOS, Switzerland Fri Jan 25, 2013 10:08pm IST

People's Bank of China Deputy Governor Yi Gang attends a program of seminars at the Annual Meetings of the IMF and the World Bank Group in Tokyo October 14, 2012. REUTERS/Issei Kato/Files

People's Bank of China Deputy Governor Yi Gang attends a program of seminars at the Annual Meetings of the IMF and the World Bank Group in Tokyo October 14, 2012.

Credit: Reuters/Issei Kato/Files

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DAVOS, Switzerland (Reuters) - China's economy will likely grow at 7-8 percent for the foreseeable future, helped by continued urbanisation, a senior official said on Friday.

People's Bank of China Deputy Governor Yi Gang gave the forecast during the World Economic Forum in Davos.

China's economy grew 7.8 percent in 2012, the slowest in 13 years.

(Reporting by Kelvin Loh. Editing by Jeremy Gaunt.)

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