Favorable predictions for China's economy in Q3

The Langrun Forecast of the third quarter of 2006 recently released by the China Center for Economic Research (CCER) at Peking University shows that the GDP and investment in fixed assets of the third quarter are expected to grow respectively by 10.9 percent and 30.7 percent over the same period of last year, and the consumer price index will increase by 1.7 percent.

According to the forecast, the industrial added value, retail volume, exports, imports and industrial profit will enjoy growth rates of 18 percent, 13.7 percent, 24.3 percent, 21.3 percent, and 31.9 percent respectively. These growth rates would be at similar levels with the second quarter except a noticeable surge in import.

Other research institutions has also made high-level forecast on the relevant indicators. Professor Lu Feng from CCER said: "It indicates that China's economy is still positively regarded by most macroeconomists."

By People's Daily Online