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.

Related Articles

Rosneft-led acquisition of India's Essar completed, says CEO Sechin

The acquisition of India's Essar Oil led by Russian oil major Rosneft can be “considered done”, the state-controlled company’s CEO Igor Sechin said at the annual shareholder meeting on June 22, ... more

Vietnam’s textile and garment exports to South Korea records USD 1.64bn in 2013

Vietnam’s textile and garment exports to South Korea expanded 53.5% y/y recording USD 1.64bn last year, while the nation overall exports to South Korea accelerated 18.9% y/y posting USD 6.6bn. The ... more

Vietnam, Kazakhstan to boost investment cooperation

Vietnam’s trade with Kazakhstan expanded USD 221.8mn during first eleven months last year. According to Erbolat Dossaev, Kazakh Minister of Economy and Budget Planning, Vietnam’s exports to ... more

Dismiss