China (mainland) ¨C A report released by the State Information Center (SIC) predicts that China's economy will slow a little in the second semester of 2006. China's GDP grew by 10.9 percent in the first two quarters.
According to the report by the Economic Forecasting Department of the SIC, measures taken by the central government are taking effect, averting the risks of overheating and starting to cool the economy.
Driven by strong overseas demand, China's exports in the second half year will continue to boom. China's trade surplus will also continue to bulge but at a slower rate.
The report estimates that in the first three quarters, China's exports will grow by 24.4 percent year-on-year, with imports up 20.8 percent. The trade surplus will hit US$102.2 billion, as against $61.44 billion for the first six months.
The report predicts that while investment growth will slow slightly in the second half year, investment incentive is still strong, and the final figure for fixed assets investment growth will be higher in 2006 than in 2005.
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