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China Daily Website

GDP could grow by 8.6%

Updated: 2012-04-18 08:03
By Chen Limin in Hong Kong ( China Daily)

China's GDP is forecast to grow 8.6 percent this year if the government eases its monetary policy, the Hongkong and Shanghai Banking Corp Ltd said in a report released on Tuesday.

The government reported 8.1-percent growth in the first quarter.

"The first quarter is the weakest quarter for China, but there is improvement in economic growth," said Frederic Neumann, managing director and co-head of Asian economic research at HSBC.

GDP could grow by 8.6%