dalian fortune research shenzhen china http://dalianresearchzakk.wordpress.com/2013/05/05/dfrshenzhen-com-dalian-fortune-research-shenzhen-china-ec-chinas-economy-to-grow-8-in-13/ The European Commission has forecast that China's economy will grow 8 percent this year and 8.1 percent in 2014, after it successfully avoided a "hard landing" in 2012. According to its spring forecast released on Friday, EC officials said China remains exposed to a possible worsening of the international environment, but its principal risk factors remain domestic. The report said the European Union economy is expected to stabilize in the first half of 2013, following recession in 2012. The commission expects GDP growth in the EU to turn positive in the second half of the year before gaining momentum in 2014. Projected GDP growth for the EU is minus 0.1 percent in 2013, and 1.4 percent in 2014, and 1.2 percent in the euro area — weak performances which the report attributed to constrained domestic demand due to a number of impediments, which are typical of the aftermath of deep financial crises. It said the global average growth rate may climb to 3.8 percent from 3.0 percent in 2012. However, the European economic pickup may not bring job creation. The jobless rate in the area is forecast to be the same in 2013 and 2014, as high as 11.1 percent. While the unemployment rate for the two years in the eurozone stands as high as around 12 percent… READ MORE: http://europe.chinadaily.com.cn/business/2013-05/04/content_16474694.htm dalian fortune research shenzhen china

1. DALIAN FORTUNE
RESEARCH
SHENZHEN CHINA
http://europe.chinadaily.com.cn/business/2013-05/04/content_16474694.htm

2. EC: China's economy to grow 8% in '13
The European Commission has forecast that China's economy
will grow 8 percent this year and 8.1 percent in 2014, after it
successfully avoided a "hard landing" in 2012. According to its spring
forecast released on Friday, EC officials said China remains exposed to
a possible worsening of the international environment, but its principal
risk factors remain domestic. The report said the European Union
economy is expected to stabilize in the first half of 2013, following
recession in 2012. The commission expects GDP growth in the EU to
turn positive in the second half of the year before gaining momentum in
2014. Projected GDP growth for the EU is minus 0.1 percent in 2013,
and 1.4 percent in 2014, and 1.2 percent in the euro area — weak
performances which the report attributed to constrained domestic
demand due to a number of impediments, which are typical of the
aftermath of deep financial crises.
http://europe.chinadaily.com.cn/business/2013-05/04/content_16474694.htm

3. It said the global average growth rate may climb to 3.8 percent
from 3.0 percent in 2012. However, the European economic pickup
may not bring job creation. The jobless rate in the area is forecast to be
the same in 2013 and 2014, as high as 11.1 percent. While the
unemployment rate for the two years in the eurozone stands as high as
around 12 percent. "In view of the protracted recession, we must do
whatever it takes to overcome the unemployment crisis in Europe," said
Olli Rehn, the commission's vice-president for economic and monetary
affairs and the euro. On China, the report said that consumption is
likely to remain the principal driver of growth in 2013. It said rising
wages are likely to increase household incomes while real interest rates
will remain positive, implying rising earnings on household deposits
and an increase in financial wealth. "Policy is likely to continue to be
supportive for household income with a continuation of measures to
broaden the social security net, as well as to support spending directly
via measures to boost ‘green' consumption," the report added.
http://europe.chinadaily.com.cn/business/2013-05/04/content_16474694.htm

4. Officials said it is unlikely that the rapid growth in exports seen
in early months of 2013 can be maintained in China, given the likely
slow recovery in world trade, and the short-term prospects for the EU
and the US, both major trading partners. It said China's currency
appreciation will not be helpful in increasing exports, a long-term
driver of its rapidly growing economy, it added. According to EC
calculations, the real effective exchange rate of the renminbi has
appreciated by around 5 percent over the last six months, which will act
as a modest drag on export growth. Pierre Defraigne, executive director
of The Madariaga- College of Europe Foundation, a think-tank based in
Brussels, said key global players such as China and the EU must
maintain a close and direct dialogue over a vast array of important
topics of common concern, starting with the grim global economic
outlook. Defraigne said both sides must provide a strong push to the
economic and strategic cooperation between the EU and China, which
are both confronted with huge reforms at home.
http://europe.chinadaily.com.cn/business/2013-05/04/content_16474694.htm

5. Those include the governance of the eurozone and the growth
and jobs priority in Europe, and further progress toward economic
growth, administrative effectiveness, and political accountability in
China, it said. "Bilateral cooperation, instead of protectionism in key
areas such as energy, urbanization and telecommunications, should be
strengthened quickly," said Defraigne.
dfrshenzhen.com, dalian fortune research shenzhen china
http://europe.chinadaily.com.cn/business/2013-05/04/content_16474694.htm
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