Off the wire
• "Go Away Mr. Tumor" continues to lead China's box office sales  • Chemical castration to be considered for convicted Australian pedophiles  • Argentina's southern railway line renovated with Chinese support  • Xinhua Insight: China may rule out commutation for most corrupt figures  • News Analysis: ASEAN unlikely to become "workshop of world" despite regional currency weakness  • Indian stocks open almost flat  • World's finest knights attend Serbia's first chivalry festival  • Kiwis have become more frugality in wake of GFC: survey  • 1st LD: Chinese stocks jump over 3 pct  • Vietnam to see fall in agro-forestry-fishery exports  
You are here: 　 Home

China can achieve 7-pct growth in 2015: Economist

Xinhua, August 26, 2015 Adjust font size:

The 2015 growth target of around 7 percent is achievable, an economist said Wednesday, as China's economic fundamentals are sound and the global economy shows signs of improvement.

Favorable conditions include huge domestic demand, the expanding services industry and a government determined to deliver on its reform promises, according to Zhu Baoliang, an economist with government thinktank the State Information Center.

Exports in the second half of the year are expected to outperform the January-June period as the United States, Japan and the eurozone "come from the cold", Zhu said.

A traditional economic driver, China's exports grew 0.9 percent year on year in the first six months.

Zhu expects the inflation rate in the second half of the year to be no more than 2 percent, citing rising pork prices. It grew 1.3 percent in the first six months.

The government's annual inflation rate target is around 3 percent. Endi