China's econ­omy to grow 7.5pc

The Pak Banker - - Front Page -


China's econ­omy will grow by 7.5 per­cent in 2012, al­though the eco­nomic re­bound still needs work, the coun­try's eco­nomic plan­ning agency said. China will likely achieve its eco­nomic growth tar­get for this year, said na­tional de­vel­op­ment and re­form com­mis­sion min­is­ter Zhang Ping. He said China's fis­cal rev­enue in 2012 is expected to in­crease to $2 tril­lion, com­pared to 10.37 tril­lion yuan in 2011. The growth slowed to 7.4 per­cent in the third quar­ter, a de­cline for seventh con­sec­u­tive quar­ter, spark­ing con­cerns that China may re­peat the eco­nomic down­turn seen in 2008, me­dia re­ported Mon­day.

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