23 April 2009 10:11 [Source: ICIS news]
SHANGHAI (ICIS news)--China’s economic growth target of 8% in 2009 will not likely change despite a recent International Monetary Fund (IMF) forecast of lower growth this year for the country, economists said on Thursday.
“The 8% economic growth target is not a big problem for achieving this year. I think we could say now ?xml:namespace>
“Some indices also show the economic situation is turning better,” said Li.
The purchasing managers' index (PMI), an indicator of the economic health of the manufacturing sector, rose for the fourth straight month in March to 52.4%. A reading of above 50% suggested the expansion, while one below 50% indicates contraction.
Exports, a key driver for
“The quarter-on-quarter GDP in 2009 will expand gradually, according to my forecast,” said Zhang.
According to Shanghai Securities’
The government would not likely unveil a second stimulus package this year as it tries to cope with the present economic situation and nurture the effects of the first stimulus package, said Guotai Junan Securities’ Zhang.
In early March, Premier Wen Jiabao said
Mr Wen had been quoted as saying that
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