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Expert: Economic growth in H2 may be 9%

07-16-2010 13:39 BJT Special Report:China’s Economic Data of H1 in 2010 |

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The National Bureau of Statistics says that in the first half this year, China's economy grew by about 11 percent with moderate inflation. These figures suggest the country's economy is recovering from last year's financial crisis. Experts from international financial institutions say the trend is likely to continue in the second half. Here's what they had to say.

Zhuang Jian, Senior Economist of Asian Development Bank said "Economic growth in second half this year will be around 9 percent, lower than the first half. It's because the growth figure for the second half last year was higher than that for the first half. But a slow-down is what the government wants, because the first half saw signs of overheating in some sectors. The State Council has issued a raft of measures to curb speculation of property sector. It also ordered local governments to clear debts with their financial vehicles. All these measures were issued to prevent the economy from overheating and to guarantee steady development."

Editor:Xiong Qu |Source: CCTV.com

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