Business / Opinion

Experts: GDP growth within expectation

( Updated: 2014-01-20 11:15

Experts: GDP growth within expectation
He Keng


This is within our expectation, only a matter of 0.1 percent more or less. Judging from economic statistics from previous months, China's economy has been stable all along.

I said in June and July that we can definitely accomplish a GDP of 7.5 percent, so the result now - 7.7 percent – is very reasonable. China's economy this year will see better growth than last year.

-- He Keng, vice chairman of the Financial and Economic Committee of the National People's Congress; Economist; Dean of Central University of Finance and Economics' School of Statistics


Experts: GDP growth within expectation
Li Daxiao










Basically, the newly released GDP data has matched expectations. The GDP maintained stabilization during the second half of 2013 and did not experience a large decline in the fourth quarter. This situation has created a good foundation for the stable development of China's economy in 2014, and the stable growth will continue throughout the year.

The data's influence will have a positive effect on the stock market. Last year, listed companies' performances increased by over 10 percent. In 2014, our perspective on this data sees company performance approaching 10 percent or even exceeding this number. Since blue chip shares remain low, the data will have a positive effect on the market.

The fuel that drives GDP growth is obviously changing, and the contribution index of exports has seen a big decline while the consumption index has rapidly increased.

According to my forecast, the GDP's growth rate will be about 7.5 percent for the year. The general developing trend will be to retain stability, while the growth rate in tier-one cities such as Beijing and Shanghai will be about 7 percent, and underdeveloped provinces will experience faster growth. So the general growth rate will be compromised to 7.5 percent and it will match the nation's economic growth rate.

-- Li Daxiao, director of Yingda Securities Research

Experts: GDP growth within expectation

Zhu Baoliang 






The GDP growth of 2013 is within expectations. We expect China's GDP to grow 7.5 percent in 2014, as industrial updating, industrial overcapacity, the property market, and local government debts will all have their impacts on the country's economic development.

Some local governments tuned down their GDP growth targets at their local "two sessions" (local-level people's congress and political consultative conference). Instead of focusing on the GDP growth rate, they pay more attention to structural adjustment and upgrading.

Judging from the current property control measures and interest rates, China's housing prices will continue to rise in 2014.

--Zhu Baoliang, head of the economic forecast department at the State Information Center




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