Optimistic Chinese Economic Forecast for 2013
December 5, 2012 by Trey Thoelcke
According to the Chinese Academy of Social Sciences (CASS), economic growth in the Asian nation could improve to 8.2% next year, compared to the estimated 7.7% for 2012. Reuters reports:
The country’s top think tank said in its “blue book” report on China’s economy that Beijing should intensify proactive fiscal policy next year including “appropriately” expanding the fiscal deficit and cutting taxes that hinder economic efficiency.
China has not yet issued an official GDP forecast for 2013, but CASS’s status as the premier state-backed centre for academic and policy research means its outlook to a certain extent reflects central government thinking.
Based on the trouble that China’s trade partners face, the forecast seems optimistic.
Douglas A. McIntyre
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.