InfoAnda - China's economy to grow 8-9 percent in '09: central bank chief

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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Secondary Navigation Singapore Asia Pacific World Search Search: China's economy to grow 8-9 percent in '09: central bank chief AFP - 50 minutes ago BEIJING (AFP) - - The Chinese economy is expected to grow by between eight and nine percent next year, state press reported Monday, citing central bank governor Zhou Xiaochuan. China's steady growth would help the international financial markets go "back to normal", Zhou said on the sidelines of a meeting of key financial officials of the Group of 20 in Sao Paulo, according to the Xinhua news agency. He said the central bank was closely monitoring the developments in the global financial markets to decide its next interest rate policies, the report said. Beijing on Sunday unveiled a stimulus package worth nearly 590 billion dollars with the aim of boosting domestic consumer demand in the face of flagging exports. Growth of the heavily export-dependent Chinese economy eased to nine percent in the third quarter of this year, the lowest in more than five years. The nation's trade surplus dropped 2.6 percent in the first nine months of 2008, making it very likely that overall economic growth this year will slip into single digits for the first time since 2002. The G20 includes the seven leading economies and key developing nations. 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: Business Australian PM pledges to never abandon auto industryAFP - 1 hour 4 minutes ago India cbank offers 484.3 bln rupees at special repoReuters - 1 hour 12 minutes ago Thai Banpu Q3 profit tops f'casts, upbeat on 2009Reuters - 1 hour 16 minutes ago Japan's quarterly machinery orders drop sharplyAP - 1 hour 17 minutes ago NAB confirms share offer raised to A$3 blnReuters - 1 hour 25 minutes ago Enlarge Photo China's economy to grow 8-9 percent in '09: central bank chief Related Photos Slideshow Full Photo Coverage: Business & Economy Most Popular – Business Viewed Documents expose Prince William RAF training row: report G20 pledges 'all necessary steps' to restore stability In Obama's victory, Americans see legacy of Lincoln Porsche hits record results on the back of VW shares Obama: First pooch may be mutt 'like me' View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology

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