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Forecast for economic growth in 2004
2014-08-29
By Li Jianwei
Date: 2004/03/09
Abstract:
In 2003, the Chinese economy reached the peak in the short cyclical swings. Therefore it is expected to see a period of contraction in the cycle in 2004 with a minor decline in the growth rate, which is likely to be about 8.7% in the first quarter, and reach an average rate of around 8.4% throughout the year. However, the accelerated growth in consumption is likely to result in a moderate inflation in the second half of 2004.
