The Chinese economy will grow by 8.2% in 2013

The Chinese Academy of Social Sciences reports that the annual GDP growth in the Chinese People's Democratic Republic in 2013 will be 8.2%, against 7.7% in 2012. Thus, experts emphasize, China’s economic growth will be restored at the beginning of next year.

The report of the Academy says that the alleged GDP growth in 2012 will become the lowest since 2000 due to sluggish export demand and the industrial production submitting for these decline.

Despite the “temporary” difficulties, Chinese academics predict the stable growth of the Republic of the Republic over the next 10 years at the level of 7.5 - 8.5%.

Recall that in 2011, GDP growth in China amounted to 9.3%, and in 2010 more than 10.4%.

Deputy Director of the Academy, the head of the Institute of Economics, Mr. LI XueSong, said that "an excess of production capacities and a decrease in profitability set the task before the China government and further to carry out economic and structural reforms, putting a priority to stabilize the growth of the country's economy."







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