GDP growth to slow in 2015

Bank of China estimated that China's economic growth will slow down slightly to 7.2 percent year-on-year in 2015, the bank said in a research report released on Tuesday.

The central government is likely to set the GDP growth target at 7 percent for the next year, the bank said.

There is a high probability that China's central bank will further cut the country's benchmark interest rates and lower the reserve requirement ratio in 2015, it said.

It also expected the country's GDP growth for 2014 will be 7.4 percent, down from 7.7 percent in 2013.