China to grow 7-8 percent for some time - cbank official
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.)
- Tweet this
- Share this
- Digg this
- U.S. strikes have slowed Iraq militants but not weakened them - Pentagon
- INSIGHT - As Islamic State fighters begin to blend in, defeating them no easy matter
- RBI rule handicaps India's infrastructure hopes
- Japan aims to double India investment in 5 years - Nikkei
- Family of seriously ill Joan Rivers 'keeping fingers crossed' -daughter
The Nifty surged past the psychologically important 8,000 level for the first time to mark its latest record high as blue-chips such as Larsen & Toubro gained after better than expected quarterly economic growth data. Read