January 25, 2013 / 4:42 PM / 5 years ago

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.

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