Site icon China Economic Review

Economic growth to slow in 2007

China's enormous economic growth will cool slightly in 2007 but should still expand 9.6%, driven by exports and investment, the South China Morning Post reported. Last year's GDP grew by 10.7%, its highest rate since 1995. Exports are likely to expand by 19.8% this year, while imports are projected to grow 17.5%. China has been under pressure to shift the root of its economic growth from an over-reliance on exports, which makes the country vulnerable to sudden drops in demand for Chinese goods, to domestic consumer demand.

Exit mobile version