Home>News Center>China

China sees economy growing 9.2 pct in 2005
Updated: 2005-09-26 09:48

China's central bank expects the economy to grow 9.2 percent this year and expand 8.7 percent in the first half of 2006, the Shanghai Securities News said on Monday.

The People's Bank of China also forecast in a recent research report that consumer prices would rise 2.0 percent in 2005 and 2.1 percent in the first half of 2006, the newspaper said.

The annualised figures indicate a slowing economy as China's gross domestic product grew 9.5 percent in the first half of this year.

"We must pay great attention to the impact of surging oil prices, but must also prevent a continued fall in overall domestic prices," the newspaper quoted the report as saying.

China's consumer prices had fallen since March due mainly to sharply slowing growth in food prices, weakening consumer demand and overcapacity of products, in response to Beijing's efforts to cool the economy since early last year, the report said.

Economists have warned of a possible slowdown of China's economy after Beijing's strong economic-cooling steps, with some warning the country could even see deflation by 2008.

Paramilitary troops training
Yichang Three Gorges International Tourism Festival
Beijing International Cultural and Tourism Festival
  Today's Top News     Top China News

Rate measures to help banks reduce risks



HK legislators start historic mainland visit



Damrey smashes into South China



China Open: Chinese duo fail to make history



Rita's destruction falls short of fears



China, India set for fresh border talks


  Damrey smashes into South China
  Expats try to tackle cultural differences
  Grain production rises; price fall hurts farmers
  Farmers need financial support to improve lives
  Team sent to Indonesia for fishing dispute
  New measures to regulate online news services
  Go to Another Section  
  Story Tools  
  Related Stories  
PBOC: Economy too much export-driven
Economy to grow 9.2 per cent this year
Vice-premier: Economy to grow 9% this year
Economists call for action to avoid slowdown
  News Talk  
  It is time to prepare for Beijing - 2008