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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: China to grow 10 percent in 2009 despite global crisis: government economist AFP - Monday, December 1 BEIJING (AFP) - - A senior Chinese government analyst has forecast 10 percent growth in the nation's economy in 2009, according to state media, a far higher figure than most other predictions. The main reason is China's ability to provide its own growth momentum, Xinhua news agency reported, citing Zhang Liqun, an economist with the Development Research Centre, a cabinet think tank. "Although the dim world economic situation has led to weak overseas demand... vast development potential means the country's economy will grow at a fast pace," said Zhang said. "Personal income continues to increase as millions of migrant workers flow into the cities to improve their lives," he said, also citing demand for homes and cars as important drivers of growth. The World Bank said last week it expected the Chinese economy to grow by 7.5 percent in 2009, slowing to a 19-year low because of the impact of the global financial crisis. China's economy, the world's fourth-largest, expanded by nine percent in the third quarter, the lowest level in more than five years. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy Chinese leader says China losing competitive edgeAP - 2 hours 3 minutes ago Bank Mizrahi Q3 profit dips, bad debt provision upReuters - 2 hours 38 minutes ago China to grow 10 percent in 2009 despite global crisis: government economistAFP - Monday, December 1 SKorea's Hyundai Motor cuts domestic productionAFP - Sunday, November 30 Related Articles: Business INDIA WRAPUP 5-Indian security chief resigns over Mumbai attacksReuters - 22 minutes ago Israel cenbank to extend forex purchase programmeReuters - 59 minutes ago RPT-WRAPUP 1-Dubai's Palm builder cuts jobs, luxury defaults upReuters - 1 hour 3 minutes ago India's finmin to be new home ministerReuters - 1 hour 25 minutes ago Chinese leader says China losing competitive edgeAP - 2 hours 3 minutes ago Enlarge Photo China to grow 10 percent in 2009 despite global crisis: government economist Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed World's oldest person dies at 115 years Saudi king says 75 dollar oil price 'fair' Love handles increase death risk: study Michael Jackson strikes 'amicable' deal with Arab sheikh At least 381 dead after Nigeria clashes: witness View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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