Date
19 October 2017

China GDP seen rising 7.8%, CPI up 2.8% next year, paper says

China’s gross domestic product is likely to grow 7.8 percent in 2014, compared with the 7.7 percent rise forecast for this year, the China Securities Journal reported Monday, citing a macroeconomic report released by the National Academy of Economic Strategy of the Chinese Academy of Social Sciences. The consumer price index is seen growing 2.8 percent next year, compared with an increase of 2.6 percent this year. Total investment is expected to rise 20.1 percent in 2014, compared with a 20.3 percent growth this year, while foreign trade is seen to expanding 7 percent, slower than the 7.6 percent rise forecast for this year, the report said.

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