Beijing: The Chinese economy will expand by about 7.8 percent in 2012, surpassing the 7.5 percent growth target set earlier this year, a top think tank said.
"Policymakers have taken into account the changes in the domestic and external environments when setting the growth target earlier this year," said Fan Jianping, director of the economic projection department with the State Information Centre.
Although China's GDP has slowed for nine consecutive quarters, the country is still capable of achieving 7.6 to 7.8 percent growth in the July-September period, Xinhua.net Saturday quoted him as saying.
The economy will begin stabilizing in the second half, Fan said noting that the new macro policies is different from the $630 billion measures rolled out in 2009.
First Published: Sunday, September 16, 2012, 09:34