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          chinadaily.com.cn
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          China Daily Website

          China's GDP growth to slow to 7.3% in Q3

          Updated: 2012-09-28 19:24
          ( chinadaily.com.cn)

          China's third-quarter GDP growth will slow to 7.3 percent year-on-year, investment bank UBS AG said in a research note on Friday.

          "We expect the data to show that demand remained weak, de-stocking continued, and the recovery has yet to happen," said Wang Tao, an economist at UBS.

          On the positive side, the bank expects to see a faster pace of credit and financing expansion, a continued rebound in property sales, and an acceleration of infrastructure investment.

          "We forecast that bank lending will grow by 16.3 percent year-on-year at the end of September, with net new lending reaching 650 billion yuan," said Wang.

          The CPI is expected to soften again to about 1.8 percent year-on-year, and PPI to decline another 3.4 percent year-on-year.

           
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