|Economic outlook remains favorable in 2011 and 2012, according to ADB and the World Bank:
- The Asian Development Bank forecasted the economy of the People’s Republic of China (PRC) to expand by 9.6% this year and 9.2% next year, representing moderate growth due to slowing investment and exports. Read more.
- The World Bank saw PRC’s economic outlook to remain favorable with real GDP growth expected at 9.3% in 2011 and 8.7% in 2012, but cautioned on the risks of inflation and the property market. Read more.
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The highlight from the Asian Development Outlook 2011:
Source: National Bureau of Statistics of China; ADB estimates.
Strong investment, supported by an expansion of private consumption and net exports, powered a return to double-digit growth. The authorities ended the fiscal stimulus program and, with inflation pressures building, tightened monetary policy. GDP growth is forecast to moderate both this year and next. Inflation will rise in 2011, then likely decelerate in 2012. Going beyond the next 2 years, the new 5-year plan puts more emphasis on consumption and services as drivers of growth and on reducing both income inequality and pollution. Read more.
More economic and social indicators for the People's Republic of China from the World Bank's World Development Indicators online.
The United Nations Development Programme's Human Development Report program has prepared a series of reports on the People's Republic of China.
Partner Institutions and the People's Republic of China