Backgrounder: Forecasts for China’s Economy in 2008
Source: Xin Hua 01/01/2008
A succession of forecasts for
China’s economy in 2008 have been released by International financial institutions and major foreign and domestic banks in recent months.
The following is detailed figures of the predicted GDP growth, Consumer Price Index (CPI) and the appreciation of Renminbi this year.
|
|
GDP Growth | CPI | Appreciation of RMB against USD (%) |
| World Bank |
10.8 |
- |
- |
| International Monetary Fund |
10 |
- |
- |
| Asian Development Bank |
10.5 |
3.8 |
- |
| Goldman Sachs |
10.3 |
4.5 |
- |
| Morgan Stanley (Steven Roach) |
8-9 |
- |
- |
| JP Morgan Chase |
10.5 |
3.8 |
- |
| Citibank |
- |
5 |
7.5 |
| Standard Chartered Bank |
9.5 |
- |
7.5 |
| Merrill Lynch |
10.9 |
- |
- |
| UBS |
10.4 |
- |
- |
| Bank of China |
10.5 |
4.5 |
- |
| The People’s Bank of China |
10.8 |
- |
7-10 |
| China International Capital Corp. |
- |
4-4.5 |
10 |
| StateInformation Center |
10.8 |
3.5 |
