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
Finance Minister Arun Jaitley favours a cut in interest rates to trigger demand in the construction sector, a newspaper report said on Saturday, but the Reserve Bank of India (RBI) has signalled it will not ease policy until it is confident of lower inflation. Full Article
Euro zone risks "relapse into recession" without structural reforms - Draghi. Full Article
Kalki Koechlin on her role as a disabled girl in “Margarita, With a Straw” Full Article