China ’s economy is expected to expand 12 percent in the first quarter this year thanks to strong industrial output in February, a government researcher said in remarks published on March 29.
The latest industrial output data showed robust 20.7 percent year-on-year growth for January and February.
China Daily newspaper cited Yu Bin, head of macroeconomic research at the State Council Development Research Centre, as saying that the pace of growth might slow down in the second quarter and thereafter.
Meanwhile, senior economist Fan Jianping with the State Information Centre - a think-tank under China's economic planning agency, as forecasting the same rate of growth in the first quarter followed by a possible drop to 10.8 percent in the second quarter and 9 percent or less in the third and fourth quarters.
China's GDP growth picked up steadily last year to 10.7 percent in the fourth quarter from 6.2 percent in the first, as aggressive government stimulus bolstered economic growth after a heavy blow from the global financial crisis./.
The latest industrial output data showed robust 20.7 percent year-on-year growth for January and February.
China Daily newspaper cited Yu Bin, head of macroeconomic research at the State Council Development Research Centre, as saying that the pace of growth might slow down in the second quarter and thereafter.
Meanwhile, senior economist Fan Jianping with the State Information Centre - a think-tank under China's economic planning agency, as forecasting the same rate of growth in the first quarter followed by a possible drop to 10.8 percent in the second quarter and 9 percent or less in the third and fourth quarters.
China's GDP growth picked up steadily last year to 10.7 percent in the fourth quarter from 6.2 percent in the first, as aggressive government stimulus bolstered economic growth after a heavy blow from the global financial crisis./.
