CCTV.com - CNTV English - CCTV News


Homepage > News > Biz >

China's economic growth to slow down in 2nd half: economist

06-20-2010 00:39 BJT

BEIJING, June 19 (Xinhua) -- China's economic growth would slow down in the second half of this year, ending the double-digit increase in the first quarter, according to Xia Bin, a renowned Chinese economist, reported Saturday's China Securities Journal.

China's gross domestic product (GDP) growth would edge down by two to three percentage points in the second half from the first-quarter level, Xia, a member of the monetary policy committee of the People's Bank of China, the central bank, predicted Friday.

"This is within the reasonable range, and this does not equal to a recession," Xia, a researcher with the Development Research Center under the State Council, China's Cabinet, said at a financial and investment summit in Shanghai Friday.

China's GDP surged 11.9 percent year on year in the first quarter of the year.

Macro-management for the property sector, credit risk control in lending to local investment projects and tightening of loans to industries with excess capacity would have crucial impact on China's economic development, he said.

Editor:Du Xiaodan |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program