China’s GDP to grow 8.1% in 2013: report

16  January 2013

Li Daokui, the director of the center, said that the major economic indices will increase this year.

Investment growth in fixed assets in 2013 will surpass the 20.7 percent increase seen in 2012 as the real estate market warms up. Growth of retail sales in 2013 will increase to 15.3 percent from the 14.7 percent to 15.1 percent seen in 2012 as the Chinese economy emerges from a slowdown and the reform of income distribution stimulates consumption.

The report added that despite external uncertainties, China’s imports in 2013 will increase 9.2 percent, while exports will increase 8.3 percent due to the Chinese economic expansion.

Li also warned of the risks of inflation in short term and surging real estate prices in the future.