Chinese data reinforce IMF's 2013 GDP forecast
Updated: 2013-09-26 17:04
(Agencies)
|
|||||||||
Tokyo - China's recent economic data reinforce the International Monetary Fund's forecast that the world's second-largest economy will avoid a second-half slowdown and grow 7.75 percent this year, a fund official said on Thursday.
Markus Rodlauer, deputy director of the IMF's Asia Pacific Department and the fund's mission chief for China, said the IMF expected China's economy to sustain its pace of growth despite a difficult international environment.
"This is borne out by a number of high frequency indicators out of China. These indicators suggest that activity has indeed been stabilizing into the third quarter, into the second half," Rodlauer told a conference in Tokyo.
He noted double-digit retail sales growth and figures for industrial added value and fixed asset investment as some examples of such indicators.
In July, the IMF called for more reforms to sustain China's impressive economic performance and kept its 2013 growth forecast at 7.75 percent, above China's 7.5 percent target, although at the time it noted downside risks to the forecast.
Since then, however, a series of economic indicators has suggested that China is regaining traction after more than two years of cooling growth and prompted several investment banks to upgrade their outlooks.
The IMF is due to publish its new world economic outlook on October 8 ahead of the fund's annual meeting.
- US astronaut praises China's space program
- Christie's holds inaugural auction
- Aviation gains from exchanges
- Early fish ancestor found
- Singers' son sentenced to 10 years for rape
- Djokovic announces engagement to girlfriend
- Taipei, LA and Singapore top travel search growth list
- Big cats are part of the family
Most Viewed
Editor's Picks
Flowing colors of 798 art district |
Nuclear plants see growth |
Nurses embark on journey to the West |
Fundamental challenges still remain |
Watchdog bites with no favor |
Africa looks to the Orient for lessons |
Today's Top News
Russia to guard Syria chemical weapon destruction
Interpol issues arrest notice for 'white widow'
US astronaut praises China's space program
Joint talks on trade in services
Philippines-US drill raises concern
Abe blames China for defense spending
Courier reaches for the sky with drone
President Xi touts moral models
US Weekly
Geared to go |
The place to be |