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China Daily Website

China's GDP growth to be 7.8% in 2013: survey

Updated: 2013-01-21 16:11
By Hu Yuanyuan (
China's GDP growth is expected to be 7.8 percent this year, with the CPI standing at around 2.8 percent, said a survey by and China Securities Research & Design Center released over the weekend.

The survey covered more than 100 economists and 30 research heads from leading securities firms.

Around 72 percent of the economists surveyed expect the country's economic growth to be around 7 to 8 percent. And 68 percent of research heads from securities firms believe China's economic recovery will be a "L-shaped" one.

On the monetary policy side, most research heads at securities firms believe the country will adopt a moderate monetary policy, while only 11 percent of them are expecting interest rate hikes in 2013.

Meanwhile, most of the research heads believe China's capital market this year will outperform that of last year, and around half of them expect the benchmark index will move within a range of 2000 to 2500.