Home / Business / Business Highlights Tools: Save | Print | E-mail | Most Read | Comment
China's economy may exceed Japan by year end, say experts
Adjust font size:

Irrespective of the first four months’ mixed business data, some experts are still optimistic about the economy, Hong Kong Wenweipo reports.

According to the report, Li Daokui, director of Tsinghua University’s Center for China in the World Economy, points out that the decline in China’s economy has now stopped and it is demonstrating upward momentum. China’s GDP is likely to replace Japan by the end of this year to become the world’s second largest economy in absolute terms.

Also in the report, Macroeconomic Analyst Zhang Liqun with State Council’s Development Research Center expresses his confidence. Chinese GDP in Q1 this year registered 6.1 percent year-on-year growth, a further drop from Q4 2008, but with indications that this is the low-point and that recovery has begun. According to his analysis, the boost in consumption, increased investment volume, and manageable decline in export growth all contributed to the reviving business outlook.

The Q1 business figures suggest a remarkable rise in the country’s gross market demand, Zhang Liqun argues. And given a market response time of three months, improved demand in Q1 suggests an overall revitalization.

For more details, please consult the Chinese coverage at:


(China.org.cn by Maverick Chen, May 31, 2009)


Tools: Save | Print | E-mail | Most Read Bookmark and Share
Pet Name
China Archives
Related >>
- CASS: China GDP to grow by 8.3% in 2009
- China's GDP up 6.1% in Q1
- China's GDP growth hits 10-year low
- China to report lower deficit-to-GDP ratio next year
June 7 Tokyo 2nd China-Japan High-Level Economic Dialogu

June 30 Shanghai 2009 Automotive Engine Technology Seminar

July 3-4 Beijing Global Think Tank Summit
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?