China sees 2006 GDP growth at 8.5%
(BusinessWeek)
Updated: 2005-10-11 09:56

SHANGHAI: China's economy will grow an estimated 8.5 per cent in 2006, after expanding by 9.2 per cent in 2005, state media said today, citing a study by the country's highest economic planning body.

"Investment will continue to be moderated and exports will fall significantly, while consumption will slow, resulting in GDP growth of about 8.5 per cent in 2006," said a report by the influential National Development and Reform Commission published in the official China Securities Journal.

The economy is expected to grow 9.4 per cent in the first three quarters of this year, down 0.1 percentage points compared with the year-earlier growth rate, the report said.