Politics

Supporters holding flags of ruling Congress party leave after attending an election campaign rally by Rahul Gandhi at Hardoi district in Uttar Pradesh January 28, 2012. REUTERS/Adnan Abidi/Files

Weakened Congress wondering if early elections will help

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

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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

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

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.)
Economy
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