China's economy will continue to steam ahead at 10 percent in 2007 and the
central government is adopting new policies for better economic growth.
Major economic think tanks agree that growth rate will again hit double
digits in 2007.
The World Bank is predicting 9.6 percent, the Chinese Academy of
Social Sciences has chipped in with 10.1 percent, the State Information Center
is hedging its bets with a range of 9.5 to 10.5 percent and the State Council
Development and Research Center plumped for 10 percent.
is the key phrase in the central authorities' plans for next year's economic
"The most important thing for next year's economic
performance is to... keep the economy growing at a stable and relatively fast
rate and prevent any big ups or downs," says a statement issued by the central
authorities at the end of last week's Central Economic Work Conference.
Analysts said strong momentum and a host of supporting factors are
contributing to growth.
"Supply factors are positive," said Li Xiaochao,
director of the comprehensive affairs department of the National Statistics
Energy and transport bottlenecks that hampered economic growth
have been alleviated, and banks are ready to supply funds, he said.
addition, investment, consumption and exports all remain at a high growth level.
More key national projects will start construction next year, and profit
margins are expanding for most ventures. Export will continue to surge.
"China's exports growth will continue to roar ahead and its trade
surplus will last for quite some time," said Zhang Liqun, an economist with the
State Council Development and Research Center.
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