China's gross domestic product (GDP) is projected to grow by 10.2 percent to reach 27.93 trillion yuan (US$3.88 trillion) in 2008, and the consumer price index (CPI) is to jump by 4.4 percent, according to a report by the country's major think tank.
The report, issued on Friday by the Chinese Academy of Sciences (CAS), predicted China's economy would continue to enjoy strong growth, driven by the favorable economic environment.
However, the report said, the growth would be slowed down by the fluctuating prices of resource commodities in the global and domestic markets, as well as long-standing systematic problems of China's economy.
Source: ANN/ China Daily
The report, issued on Friday by the Chinese Academy of Sciences (CAS), predicted China's economy would continue to enjoy strong growth, driven by the favorable economic environment.
However, the report said, the growth would be slowed down by the fluctuating prices of resource commodities in the global and domestic markets, as well as long-standing systematic problems of China's economy.
Source: ANN/ China Daily
