BEIJING -(Dow Jones)- Chinese economy is moving as expected by the government, and the country's control over inflation and a modest slowdown in economic growth has addressed external concerns over its economic prospects, the state- run Xinhua News Agency said in a commentary Tuesday.
China's overall economy is in a good situation as it is still continuing to grow by above 9%, the commentary said.
A reasonable economic growth rate for China is between 8% to 12%, Lu Zhongyuan, vice director of the State Council'sDevelopment Research Center was cited as saying.
China should continue to seek a balance in promoting economic growth and curbing inflation, the commentary said, adding that China's export growth is likely to be clouded by Europe's fiscal woes.
China's gross domestic product rose 9.1% from a year earlier in the third quarter, slowing from 9.5% growth in the second quarter and 9.7% growth in the first.
-Eliot Gao contributed to this article, Dow Jones Newswires; (86 10) 8400- 7705; eliot.gao@dowjones.com
No comments:
Post a Comment