DAVOS, Switzerland 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.)
Trending On Reuters
It remains to be seen whether Nifty will be able to break the 8,100 mark during October. With major events out of the way, the next trigger will be the Q2 FY16 earnings season which is expected to kick off next week. It is advisable for the investors to continue building their equity portfolio by utilising market volatility as an opportunity, writes Ambareesh Baliga. Full Article