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GDP growth for H2 to be 7.6%, report says

By Zheng Yangpeng  (Chinadaily.com.cn)

08:14, July 05, 2013

Economic growth will remain steady in the second half of this year, with GDP growth of 7.6 percent, according to a report by the State Information Center.

The report said the government's "stabilizing economic growth" measures will have a positive effect.

The center, a think tank under the National Development and Reform Commission, predicted annual growth this year to be 7.6 percent, with 2.5 percent inflation.

Over the past few weeks, nearly all major investment institutions have cut back their forecast for 2013 GDP growth, in some cases below the government's target of 7.5 percent.

Earlier in the year, most international investors were confident of 8 percent-plus growth.

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