- CNTV English - CCTV News

China's economic growth set to slow in 2012

12-08-2011 14:02 BJT

Watch Video

Play Video

China's economic growth continues to slow this year. The country's top think tank says it will grow at a reasonable rate next year.

The paper indicates that the nation’s annual GDP for 2012 is set to reach 9.2 percent on average, down 1.2 percent than that of 2011. That’s due to the slowing world economy and lower consumer demand. If the global economy doesn’t worsen and there are no major natural disasters in China in 2012, it’s predicted GDP growth will reach 8.9 percent on average. Even though the growth rate is slowing, experts say it’s still within a steady and relatively fast growth range.

This year, the nation’s consumer price index have stayed high, at over 5 percent, except for January and February during which it remained at 4.9 percent. In July, CPI rose 6.5 percent, the highest since 2009. According to the report, annual CPI is likely to reach 5.5 percent.

Maintaining steady prices is not only beneficial to consumers, but also a key factor for maintaining fast and steady economic growth, especially for the country’s small and medium sized enterprises. Overall, the report expects consumer prices will likely rise 4.6 percent next year.


Editor:Zhang Rui |Source: CNTV.CN

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