The Center for Forecasting Science of the Chinese Academy of Sciences said in a report that among the three economic engines:
Investment is expected to contribute 6.3% to the GDP growth;Consumption will contribute 4.2%.Net exports will drag down the growth rate by 0.5%.
The GDP may expand 11% in the first quarter and see a moderate slowdown in most of the remaining year, the report said.
English News.cn reported that data from the National Bureau of Statistics (NBS) shows China’s economy expanded 8.7% last year.