Chinese language - China's economy expected to grow 8-9 percent in 2005

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China's economy expected to grow 8-9 percent in 2005

www.chinanews.cn 2005-03-13 15:53:58

(Source: Xinhuanet)

BEIJING, March 13 - China's economy is still on the fast track, and its
growth is expected to reach between eight and nine percent in 2005, said
a report published recently by the China Center for National Accounting
and Economic Growth.
It also pointed to the fact that the country's macro-control policy to
rein in the economy had been a success, easing unbalanced market supply
and demand and inflation pressure.
The report says macro control should continue in 2005, and that the
government should step up efforts to promote consumption and create
better conditions to further develop a foreign-oriented economy.

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