The World Bank revises upwards its forecast for China's economy in 2013

January, 2013

The economic growth of China, despite having slowed down in 2012, appears to have positive signs for 2013. Main drivers of this trend, the growth of domestic demand for consumption and, therefore, the recovery of industrial production of the country.

The World Bank has revised upwards its forecast regarding the expansion of the Chinese economy in 2013: growth for the Dragon is estimated to 8, 4%, compared to 8, 1% previously announced. In 2012 it is expected that China's GDP will grow by 7.9% (7.7% was the value of the previous estimate). In the long term, according to the World Bank, China's growth is expected to slow due to the structural change in the economy, which should move away from growth based on investment and exports to approach a model that aims to harness the potential of domestic demand (www . agichina24.it).
“I am confident in the economic future of China.”

Zhang

Chinese Ministry

A circumstance, which is, however, even the natural consequence of the process of transition from a developing to an advanced economy. It would seem, therefore, pursued the key objective and priority of economic policy measures for 2012, that is the resumption of growth; in addition, encouraging signs seem to manifest itself in the future. To confirm these expectations, there are also the data on the so-called 'superindex' on China's economy, as measured by the Conference Board in New York, that continues to grow in recent months. Among the factors considered responsible for the slowdown in 2012, invariably the cooling of the global economy, but also the aging of the Chinese population. In its report on South-East Asia, the World Bank shows, however, also some concern about the possibility that the process of transforming the pattern of economic development in China must be accompanied by a "sluggish", not desirable, in the domestic scenario and international markets.
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