Archive for the ‘double-digit’ Category

China Again Expects Double-Digit Growth in 2008

January 2, 2008

SHANGHAI (AFP) – China’s economy is likely to see its sixth consecutive year of double-digit growth in 2008, with inflation remaining near 10-year highs, state media said Wednesday, citing an influential think tank.

The gross domestic product is expected to grow 10.8 percent in 2008, compared with estimated growth of 11.5 percent last year, the State Information Centre said in a report published in the Shanghai Securities News.

Consumer inflation is seen at 4.5 percent for 2008 from an estimated 4.7 percent in 2007, a decade high, said the centre.

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