BEIJING, -- China's GDP is expected to increase 10.8 percent in 2007, a
report by the economic research center of Renmin University of China said here
on July 7.
The report also predicts that the country's investment will grow by 21.8
percent year on year in 2007, consumption will grow by 16.2 percent, and trade
surplus will rise by over 60 percent.
The GDP growth predicted by the university is paralleled with the forecast of
the People's Bank of China, the central bank, which said last Monday that the
country's GDP is expected to increase 10.8 percent in 2007.
On June 13 Chinese Premier Wen Jiabao presided a State Council meeting to
discuss the problems in China's economy, and the cabinent warned that there was
excessive growth in industrial production, trade surplus and investment.
The central government said it is necessary to improve macroeconomic
regulation to prevent the economy from overheating.