Key China think-tank sees 8 percent GDP growth in Q1

SHANGHAI Wed Feb 27, 2013 6:23am IST

Workers check on electricity pylon situated amid farmlands in Chuzhou, Anhui province, February 5, 2013. REUTERS/China Daily

Workers check on electricity pylon situated amid farmlands in Chuzhou, Anhui province, February 5, 2013.

Credit: Reuters/China Daily

Related Topics

Polluted waters of China

Polluted waters of China

Growing cities, overuse of fertilizers, and factory wastewater have degraded China's water supplies to the extent that half the nation's rivers and lakes are severely polluted.  Slideshow 

SHANGHAI (Reuters) - China's gross domestic product will grow at annualised rate of about 8 percent in the first quarter of 2013 while the consumer price index will rise around a yearly 2.6 percent, the China Securities News said, quoting the State Information Centre (SIC), a leading government think tank.

Fixed asset investment will grow 21 percent during the quarter, a similar rate as the same period last year, it said.

After seven straight quarters of slowdown, growth picked up in the fourth quarter last year but 2012 still marked the slowest year of growth for China since 1999.

China's economic growth is likely to rebound to 8.1 percent in 2013 from 7.8 percent last year, a Reuters poll showed in late January.

January's consumer inflation fell to 2.0 percent from December's seven-month high of 2.5 percent, suggesting price pressures are subdued for now.

Economists expect inflation to pick up steam through the first quarter, though likely staying below 3.5 percent in 2013, a level they think the government will soon announce as its target.

(Reporting by John Ruwitch and Chen Yixin; Editing by Eric Meijer)

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

Top News

REUTERS SHOWCASE

Kerry's India Visit

Kerry's India Visit

Kerry presses India on WTO deal ahead of arrival  Full Article 

Big Infra Deal

Big Infra Deal

Piramal, Dutch APG tie up for $1 bln infra investment  Full Article 

E-Commerce

E-Commerce

Amazon says to invest $2 billion more in India   Full Article 

Lupin Results

Lupin Results

Q1 net profit up 56 percent on higher U.S. drug sales   Full Article 

L&T Slumps

L&T Slumps

L&T earnings raise 'multiple red flags' - Citi  Full Article 

Twitter Results

Twitter Results

Twitter assuages growth concerns for now as shares soar 35 percent  Full Article 

Auto Sector

Auto Sector

VW closes in on Toyota as global auto leader  Full Article 

Fed Meeting

Fed Meeting

Fed seen trimming bond buys, could offer vague rate clues  Full Article 

Reuters India Mobile

Reuters India Mobile

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