Official: China's economy set for strong 2006
Updated: 2006-03-07 14:04
China will enjoy another year of fast and steady growth in 2006, a top
statistics official said on Tuesday.
"China's economy won world recognition and came top of the class in 2005,"
said Qiu Xiaohua, deputy head of the National Bureau of Statistics. "I think
China will be a star pupil again this year," he told a news conference on the
sidelines of the National People's Congress, or parliament.
Qiu said investment, exports and consumption would all underpin demand, while
shortages of oil, power and coal were already easing thanks to government
efforts to bring supply into better balance with demand.
China, which grew 9.9 percent in 2005, was also benefiting from two
consecutive years of strong harvests, Qiu said.
"All these sectors will contribute to steady and fast economic growth this
year," he said.
World economic trends were in China's favor. Despite uncertainties over bird
flu and oil prices, global growth should continue at a fast, benign rate, Qiu
The government's drive to reinvigorate the countryside would help to create
new growth opportunities, as would the increasing emphasis on technological
innovation, he added.