China think tank forecasts 8pc first half growth
(07-12 11:09)
China's economy may have grown nearly 8 percent in the first half from a year earlier, and will recover steadily in the second half as policy stimulus gains traction, a senior economist at the cabinet's think-tank said today. “The economy is likely to stabilize and even recover modestly in the second half such policy measures show results,'' Yu Bin, director of macro-economic research department of the Development Research Centre, told a news conference. China announces the growth rate for the second quarter tomorrow, Reuters reports. In the first quarter, the economy grew 8.1 percent from a year earlier. Yu predicted the economy could grow 8 percent this year.
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