GDP growth seen slowing to 7.3% in 2014
By Li Jiabao in Beijing and Emma Dai in HK | China Daily | Updated: 2013-12-18 07:01
China's economic growth is likely to slow to 7.3 percent in 2014 amid the leadership's ongoing moves to restructure the world's second-largest economy, experts said on Tuesday.
"The Chinese economy has stabilized and we have edged up our GDP growth estimate to 7.7 percent this year. We forecast a slowdown to 7.3 percent in 2014, followed by a further slowdown to 5.9 percent in 2018," said Xu Sitao, chief representative of The Economist Group in China, citing a report from the group.
He added that the GDP growth estimate for next year was decreased due to downward pressure in the Chinese economy and the government's moves to restructure the country's economic growth model.
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