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Općenita kategorija => Recycle Bin => Autor teme: jiang96 - 25 08 2011, 05:28:50 prijepodne
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Morgan S r4i suppliers tanley forecasts 2009 China GDP growth of 7% to 8%
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Morgan Stanley forecasts 2009 China GDP growth of 7% to 8%Published: 14 May 2009 19:21:32 PST<p class="authorInfor"]</p]<!--begin CK content--]<ul class="narrow"]Top 5 News From ChinaKnowledge.comToyota reports 17% decline in China Q1 salesJPMorgan sells 10.43 mln shares in ChalcoSamsung to bring 15 3G handset models to ChinaChina Mobile to invest RMB 80 bln in Guangdong in 5 yearsGuangzhou's residential property transaction area soars in Apr<P]May 15, 2009 (China Knowledge) - Morgan Stanley raised its forecast for China's 2009 Gross Domestic Production (GDP) growth to between 7% and 8%, higher than the previous 5.5%, sources reported, citing Morgan Stanley Asia Chairman Stephen Roach as saying. </P]<P]Roach also warned that China's economic growth would fall back to a level between 5.5% and 7% in 2010 due to the export slump caused by the global economic recession. </P]<P]China will find it difficult to maintain a GDP of 8% next year as it depends on the external economic environment rather than the internal economic environment, said Roach, adding that China may experience a W-shaped recovery instead of a V-shaped recovery. </P]<P]Roach suggested that China should expand domestic demand according to the 11th Five-Year Plan, double the size of the country's social security fund to US$160 billion and strengthen the pension reform. </P]<P]China's GDP rose 6.1% year on year in the first quarter of 2009, and the country targets an 8% growth this year. The Chinese government implemented an RMB 4 trillion stimulus package and implemented plans to boost ten industries to rejuvenate the economy. </P]<P]Earlier, Goldman Sachs raised its economic growth forecasts for China to 8.3% for 2009 and 10.9% for 2010 as fixed-asset and private sector investment showed strong growth momentum. <BR]</P]
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