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

Related Topics

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.)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Sino-Indian Ties

REUTERS SHOWCASE

Eyeing Stocks

Eyeing Stocks

Interview - EPFO chief urges green light to buy stocks  Full Article 

Stimulus Reports

Stimulus Reports

China cenbank injects $81 bln into major banks to support economy - reports  Full Article 

Monsoon Update

Monsoon Update

Delayed retreat of monsoon rains to start this weekend  Full Article 

Financing Deal

Financing Deal

IndiGo agrees $2.6 billion aircraft finance deal with China's ICBC  Full Article 

Fed Policy Meeting

Fed Policy Meeting

Fed could hint on rate-hike plans as it prepares for policy turn  Full Article 

Grim Outlook

Grim Outlook

Sony deepens loss estimate on struggling smartphone business  Full Article 

Sugar Surplus

Sugar Surplus

India to produce surplus sugar for fifth straight year - industry body  Full Article 

Business Sentiment

Business Sentiment

China, Singapore slowdown weigh on Q3 Asia business sentiment   Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage