China’s economy likely to make a soft landing in 2012

Edited and translated by People's Daily Online

China’s economic growth rate is expected to drop to around 8.4 percent in 2012, according to a report titled “China’s Economy in 2012: Forecast and Analysis” released by Tsinghua University’s Center for China in the World Economy (CCWE) on Jan. 8.

Li Daokui, director of CCWE and a member of the monetary policy committee of the People's Bank of China, said that 2012 will be a crucial year for the Chinese economy to move from stimulus-driven to endogenous growth. China’s economy is likely to make a soft landing this year.