China's economic revival to experience "L" shape curve

By bne IntelliNews June 6, 2013

China's economic revival is expected to see an "L" shape curve in the long run, and the anticipated growth rate for the economy would reduce to 7%-8%, as compared to the previous 9%-10%. As reported by Xinhua's China Economic Information Service, Chang Jian, an analyst at the Barclays China, stated that the investment bank maintains its projection for economic growth at 7.9% for this year, although the forecast was under downward risk.

The bank is likely to wait for the release of key economic data for May, in order to review its forecast.

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