Standard Chartered revises China's 2013 GDP growth to 7.6 pct

Email|Print|Comments       twitter     facebook     Sina Microblog     reddit    

China's gross domestic product (GDP) growth forecast has been raised to 7.6 percent from 7.5 percent for 2013, according to a latest Standard Chartered research report.

The report, released late Wednesday, also forecast GDP growth for the fourth quarter of 2013 to reach 7.5 percent year on year.

The revision came after government data released last week showed GDP growth accelerated to 7.8 percent in the third quarter, up from 7.5 percent in the second, with the economy expanding 7.7 percent in the first nine months of the year.

Meanwhile, Standard Chartered revised up its inflation forecast for China to 2.7 percent year on year for 2013 from 2.5 percent. It also forecast an average inflation rate of 3.1 percent in the fourth quarter.

Government data showed the country's consumer price index, a main gauge of inflation, stood at an average 2.5 percent in the first nine months, which was well below the government's full-year target of 3.5 percent.

• Stable growth 'paves way for reforms'
• Chinese shares rise on upbeat growth data
• China Focus: China's Q3 GDP growth accelerates to 7.8%
• China's Q3 GDP growth accelerates to 7.8 pct
• China's Q3 GDP growth accelerates to 7.8 pct
• Bad roads chop 3.7 pct off GDP: official
• Hong Kong's GDP up 3.3 pct in Q2
• China 2012 GDP growth revised down to 7.7%
• Has the land value of Beijing surpassed the annual GDP of US?
• NBS: China on track to meet 7.5% GDP growth target

We Recommend

• Low wages Indian migrant laborers
• Five fighters in flight training
  
• London mayor hails free trade, subway system on China tour
• Different eye catching shows at housing fairs in China
• Special family portraits call attention to left-behind children
  
• Tibetan girl helps mobilize volunteers onlin
• Lingerie show dazzles Wuhan Motor Show 2013
• Running in fun customs at Beijing Int'l Marathon
• Weekly Sports Photos