World Bank East Asia and Pacific Economic Update released yesterday forecast, driven accelerate the implementation of fiscal stimulus and large-scale investment projects in 2013, China's economic growth recovered to 8.4%, 8.1% higher than previously expected.
Expected growth rate of 7.9% this year
According to World Bank projections, China's economic growth this year is expected to reach 7.9%, the lowest growth rate since 1999, resulting in the slowdown mainly due to weak exports and government real estate control policies, but the last few months of this year the economy has started to recover.
Comprehensive external environment remains weak, plus the real estate market correction, as well as steady growth policy support, and many other factors to consider, the World Bank predicted that China's economic growth next year will return to the 8.4% level. The same time, due to the relaxation of monetary policy next year, the inflation rate is expected to reach 3.3 percent, 2.8 percent higher than this year's forecast.
Optimistic about the Chinese investors increased
The recently released by the Bank of America Merrill Lynch survey also showed that global investors optimism for next year China's economy continues to heat up. According to the Bank of America Merrill Lynch survey of fund managers in December, the emerging markets to the respondents the investors preferred investment region, optimism for China's economy to record a new high record of this investigation. In the areas surveyed, 67 percent of respondents said China's economy will be stronger next year, an increase compared to 51% in October.
Said Michael Hartnett, chief investment strategist at BofA Merrill Lynch Global Research Department, some investors are optimistic about China, but the data still need to really prove is accelerating economic growth.
In addition, the Bank's report on the day, despite the lackluster global economy, the developing economies of East Asia and the Pacific remains flexible. However, due to the weak global market demand for export products, domestic demand is still the main driving force of the growth of most economies in East Asia.
The report, East Asia's economic performance in 2012 by the impact of China's economic slowdown, growth is projected at 7.5% this year, lower than the 8.3% actually achieved in 2011, but rebounded to 7.9% in 2013.
At the same time, the report also cautioned that there are quite a number of risk may slow down the growth of the East Asian region, the risk including the possible delay of the euro zone reform, "financial cliff" in the United States and China's investment growth is likely to appear sharp decline.