Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

China Could Exceed 2012 Growth Target

BEIJING (UPI) — A high-ranking official in China said the country’s economic growth may have exceeded government expectations in 2012.

 

 

 

Last year’s Chinese economic growth is expected to be 7.7 percent, beating the government forecast by 0.2 percentage points, said National Development and Reform Commission deputy minister Zhang Xiaoqiang this week.

 

 

 

China’s state-run news agency Xinhua said Friday that factory production, investment and trade have recently improved, pushing the gross domestic product figure higher.

 

 

 

The official estimate of the country’s GDP, released by the National Bureau of Statistics, is due next week.

 

 

 

The Chinese government took a cautious approach to adding fresh economic stimulus in the economy in 2012, fearing too much stimulus would trigger inflation.

 

 

 

Zhang predicted the inflation rate for the year would be close to 3.5 percent.

 

 

 

The government set an annual target of 8 percent but lowered that in March with the understanding that the global economy wasn’t as supportive as it needed to be to hit 8 percent growth.

 

 

 

It was the first time in eight years the government set its growth target at less than 8 percent, Xinhua said.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Facebook Conversations

Join the Discussion:
View Comments to “China Could Exceed 2012 Growth Target”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.