8 percent GDP growth forecast for China
08-12-2008
US Financial Services Firm JP-Morgan has said it expects China to maintain its rate of economic growth at 8 percent next year. Its Managing Director, Jing Ulrich, said while Chinese exports would remain weak, the mainland's fixed asset investments and internal demand would lead to an economic rebound.Mrs Ulrich also expects Mainland shares to rebound by up to 40 percent next year because of improved investor confidence. She predicted shares linked to cement would lead the surge because of more infrastructure projects in China.
