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Uncertainty grows
Liu Shijin, vice director of the Development Research Center of the Chinese State Council, said that judging from the economic data of January and February 2012, China's economic growth kept a downtrend and uncertainty has grown. However, the Chinese economy is expected to maintain a 8% growth this year and it will gradually stabilize in the second quarter.
"The uncertain factors in current economic downside make people worried," said Lian Ping, vice director of Industry Development and Research Committee under China Banking Association and chief economist of Chinese Bank of Communications. He said influenced by global economic environment, Chinas foreign trade may further fall in 2012.
Internal growth potential remains
Lian said that many people predicted that investment of China will dip below 20% this year. However, data of the first two months show that the investment did not extremely decrease. It is even better than expectations. In addition, although the foreign trade only increased less than 10%, it is higher than forecasted negative growth. Therefore, although the economic growth speed fell in foreign trade and investment, a certain growth rate was still maintained.
From these data, we can see that Chinese economy still has internal growth potential, said Lian. |
