Cheng Siwei: This Year'S Economic Growth Rate Will Slow Down To 8% To 10%.

2008/4/22 16:00:00 25

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Cheng Siwei: This Year'S Economic Growth Rate Will Slow Down To 8% To 10.

Economist Cheng Siwei said in Hongkong on 21 th this year that mainland China's economic growth will slow down, and the annual GDP growth rate will be about 8% to 10%.

At the invitation of Chinese University Hong Kong, Cheng Siwei, on the 21 day, entitled "challenges and Countermeasures Facing the mainland economy", introduced his views on the mainland's economic situation.

Cheng Siwei said that under the background of economic globalization, the mainland economy can not be completely decoupled from the US economy.

Affected by the subprime crisis and high oil prices, the US economy will slow down this year and the mainland's exports and trade surplus will also decrease.

Under the influence of international and mainland factors, the annual growth rate of GDP in the mainland will slow down to 8% to 10%, and the trade surplus may decrease by 20% to 30%.

Cheng Siwei believes that slower economic growth and less trade surplus will help the mainland adjust its industrial structure, improve its foreign trade structure, raise its level of foreign capital utilization, increase investment in energy conservation and emission reduction, and improve people's livelihood, so as to create favorable conditions for the successful completion of the 11th Five-Year plan.

//cn.daxia1