China's economic growth will be above 7 percent in 2013 - that's the verdict of 85 out of 100 Chinese economists in a survey published by Web portal 163.com on Thursday.
Among them, 18 percent said the economy will expand more than 8 percent next year. Fifteen percent were less optimistic, saying that the rate would be below 7 percent.
China's economy will expand 7.8 percent this year, slightly above the set target of 7.5 percent, Bank of China forecast in its latest report.
Too many businesses in China are still reluctant to give up their reliance on exports, despite the government's calls for a more domestic-driven economy.
Kai-Fu Lee started up his own business - Innovation Works - in 2009, which acts as an incubator for entrepreneurial young Chinese with innovative business ideas.
China's economic expansion will depend on domestic demand maintaining 7 to 8 percent growth year-on-year in the next decade, as exports may see single-digit growth in the long term amid the dim global outlook, Bank of China said on Wednesday.
Consumption, combined with investment, will boost the world's second-largest economy by 8 percent in 2013, with a slight rebound of inflation to 3 percent, according to the report, released on Wednesday.
China's economy is likely to grow by 7.7 percent this year and accelerate to around 8.5 percent in 2013 partly due to the nation's pro-growth policies.
Shanghai has reclaimed the title "Best City for Business" after three years, a Forbes magazine ranking showed on Wednesday.
What might an effective plan to reduce inequality look like? At its core would be efforts to steer more of China's income toward average families.
China needs to strengthen efforts in five aspects to reach the goal of building a modernized country with ecological progress, Vice-Premier Li Keqiang said.
Dec 12, 2012 marks eleven years since China joined the WTO. In the 11 years, China has blossomed into the world's greatest exporter.
It's time to take a broad look at the economic challenges facing China and to rethink the policies needed to address them.
China's colossal pension gap is expected to increase its fiscal pressure and government debt risk with an ever-increasing aging population.
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