The economic growth of China this year will exceed 8.5% - the organization of economic cooperation and development

According to the Organization for Economic Cooperation and Development), China’s economy will grow by 8.5%in 2013, which is even more than the central government of the country predicts. As we have already reported, Beijing counts on an increase of 7.5%.

However, the OECD report says that economic growth in communist China will increase all the time and will reach 8.9%by 2014. The key to the sustainable increase in demand in the domestic market of China, according to the analysts of the OECD, will be the implementation of the planned economic reforms that will contribute to the socialization and urbanization of society.

The systematic development will be ensured by ambitious reforms. We are inspired by the political views of the new leadership of the country and welcome its perseverance in their implementation. These initiatives will make the economic growth not only strong, but also comprehensive and stable for many years to come, ”said OECD General Jose Jose Angel Gurria.

Recall that the main points of the Chinese economic reform provide for deregulation of interest rates, the elimination of the monopoly of state corporations, the growth of land areas permitted for sale, the provision of preferences to labor migrants, trade in CO2 emissions and deregulation of energy prices.

The new Chinese leadership declares support for economics growth, holding prices and reducing the difference in population incomes.

Earlier this year, Chinese government institutions worsened their own forecasts for economic growth from 8% to 7.5%, which, according to the OECD, indicates the government’s reluctance to attract too much investment in the country and thus balance the state economy.