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.)
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What seemed like a possibility for the Nifty to cross the 8,000 mark just two weeks ago has now turned out to be a far-fetched dream. A 7,950-8,000 range could be used to book partial profits and re-enter closer to 7,750-7,800 for the next couple of weeks. The next big trigger would be the arrival of monsoons, writes Ambareesh Baliga. Read