Business / Economy

China's GDP to grow 8.1% in 2013: report

By Li Jiabao ( Updated: 2013-01-07 15:56
China's GDP will grow 7.8 percent in 2012 and 8.1 percent in 2013 as foreign trade, consumption and investments will outperform those seen in 2012, said a report from Tsinghua University's Center for China in the World Economy on Sunday.

Li Daokui, the director of the center, said that the major economic indices will increase this year.

Investment growth in fixed assets in 2013 will surpass the 20.7 percent increase seen in 2012 as the real estate market warms up. Growth of retail sales in 2013 will increase to 15.3 percent from the 14.7 percent to 15.1 percent seen in 2012 as the Chinese economy emerges from a slowdown and the reform of income distribution stimulates consumption.

The report added that despite external uncertainties, China's imports in 2013 will increase 9.2 percent, while exports will increase 8.3 percent due to the Chinese economic expansion.

Li also warned of the risks of inflation in short term and surging real estate prices in the future.

Hot Topics

Editor's Picks