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English > Finance > Finance-newsbrief>Goldman Sachs Expects 9.4% China GDP Growth in 2009

Goldman Sachs Expects 9.4% China GDP Growth in 2009

11-04 14:27 Caijing

Full article in Chinese: http://www.caijing.com.cn/2009-11-02/110301541.html

» China's gross domestic product is forecast to grow 9.4 percent in 2009 and 11.9 percent in 2010, said Jim O'Neill, head of global economic research at Goldman Sachs.
» Goldman Sachs also predicted that the consumer price index could rise 2.6 percent next year. It is estimated that China's CPI will fall by 0.9 percent, year-on-year.
» China's performance will be better than other countries because China realized the importance of expanding domestic demand, said O'Neill.
» Goldman Sachs expected China's domestic demand to grow 13.3 percent year-on-year in 2009 and by 13.6 percent in 2010.
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