GOLDMAN SACHS RAISES FORECAST TO CHINA'S GDP GROWTH
AsiaInfo Services, March, 2007
AsiaInfo Services 03-28-2007 Goldman Sachs Raises Forecast to China's GDP Growth BEIJING, Mar 28, 2007 (SinoCast via COMTEX) -- Goldman Sachs on March 26 increased its forecast of the growth of China's GDP (gross domestic product) in 2007 to 10.8% from 9.8%. The world's well-known investment bank gave two reasons for the change of its forecast: the country's trade surplus of USD 23.76 billion in February and the soaring newly-added loan in the same period. Moreover, there is no downward trend for the fixed assets investment in the country. At the same time, the company added its predict of China's CPI (consumer price index) growth to 2.6% from 2.4%. China's economy kept a consecutive four years of surge of over 10% from 2003 to 2006 and the optimistic forecast...
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