Date
21 October 2017

Goldman Sachs forecasts 7.6% GDP growth for 2013, Sina says

Goldman Sachs Group Inc. expects China’s economy to maintain its steady growth with the gross domestic product up 7.6 percent this year and rising 7.7 percent in 2014, news portal Sina.com reported Tuesday. The sharp home price increases in first- and second-tier cities in the past months are unlikely to continue next year as interest rates are set to rise and regulatory policies tighten, the company’s senior economist Li Cui was quoted as saying. Interbank rates at present are higher than those at the beginning of the year, suggesting that monetary policies have been tightened, she said. Li expects the country’s monetary policy to remain unchanged and credit growth to slow down next year, the report said.

– Contact HKEJ at [email protected]

EL/AC/CG

 

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