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China's annual GDP growth rate could reach 10 percent in the fourth quarter as the economic recovery exceeds expectations, with full-year economic growth at about 8.3 percent, state media quoted a senior government economist as saying.
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Fan Jianping, chief economist with the State Information Centre, added that next year's economic growth would certainly exceed 8 percent but was unlikely to bring inflation risks, with the consumer price index possibly rising about 2.5 percent.
He told a forum that China's economic growth remained below its long-term potential growth rate and next year's basic policy should aim for stable growth, structural adjustments and preventing inflation, the official Securities Times reported.
China's economy has picked up over the course of the year, fuelled by government stimulus spending, with the annual GDP growth rate rising to 8.9 percent in the third quarter from 7.9 percent in the second and 6.1 percent in the first, virtually assuring China of reaching its 8 percent full-year growth target.
The World Bank last week raised its GDP growth forecast for China this year to 8.4 percent from a prior forecast of 7.2 percent, and projected 8.7 percent growth for next year.
Yao Jingyuan, chief economist of the National Bureau of Statistics, told the same forum that, looking at data for the full year, China's economy had achieved a V-shaped rebound, the Securities Times reported.
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