The State Information Center (SIC), a policy think-tank affiliated to the National Development and Reform Commission, said in a report Monday that it expects China’s gross domestic product growth this year to come in at 7.6 percent, news portal Sina.com reported the same day. GDP growth for the first three quarters this year was 7.7 percent, 7.5 percent and 7.8 percent respectively, while the net profit of industrial and business firms has grown by 12.8 percent for the first eight months over the previous year. In other comments, the SIC said it expects the property tax trial scheme to be expanded in 2014. It believes home prices could rise about 5 percent next year.
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