9.5% GDP Growth In 2010?
Jan 17, 2010
China's National Bureau of Statistics is set to announce the country's GDP growth data for 2009 next Thursday. And it seems the country has defied earlier predictions of a sharp drop. It's now expected to easily meet the government's target of 8 percent – that's the figure it sees as crucial for job creation and ensuring social stability.
The economy grew 8.9 percent in the third quarter of 2009 - compared to 7.9 percent in the second quarter after a record low of 6.1 percent in the first. Analysts are now predicting a figure of between 8.2 percent and 8.4 percent for the year.
Based on this and other factors, one of the country's top think tanks is predicting a staggering 9.5 percent growth for the economy next year - 2010. The State Council's Development Research Center says the economy will be boosted by double-digit growth in real estate investment and predicts exports, a key driver of economic growth, will start to grow again in 2010.
So can such a high target be met? We went out and asked some Chinese people if they felt that 9.5% growth was practical.
Tags: GDP,Growth,Economy,Development