Deutsche bank report: China's GDP to grow 10.4% in 2006
(Xinhua)
Updated: 2006-10-05 10:00 BEIJING -- A Deutsche Bank
report predicts that China's economy will grow 10.4 percent in 2006, lifting its
earlier forecast by 0.5 percentage points.
The report by Ma Jun, an economist with the bank, says China's economy grew
faster than expected in the second quarter and underlying consumption trends are
strong.
China's economy grew 10.3 percent in the second quarter.
The report cranked up its forecast for industrial added value growth in China
by 0.6 percentage points to 16.3 percent.
It made the prediction that China's economic growth rate would fall 1.5
percentage points in 2007 as economic growth began to slow in the United States,
leading to a drop in exports.
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