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China's GDP to grow at 7.1% in 2015

2014-12-15 13:03 chinadaily.com.cn Web Editor: Qin Dexing

China's real GDP growth will likely slow down from 7.4 percent this year to 7.1 percent in 2015, said economists with the country's Central Bank.

Export growth will be offset by the slack in real estate investment in 2015, with employment rate remaining stable, peopledaily.com.cn reported on Monday, quoting a report by the People's Bank of China.

Consumer Price Index, the main gauge of inflation, is expected toremain at the same level this yearand stay at 2.2 percent, according to the report.

China's export will likely grow at 6.9 percent compared with 6.1 percent this year, and import growth will jump from 1.9 percent to 5.1 percent, said the reportentitled 2015 Chinese economy forecast.

Researchers led by Ma Jun, chief economist with the Research Bureau of the Central Bank added that property investment will continue to slow down next year due to the soft sales turnover, and will push downward pressure on the GDP growth.

"The number of jobs created in 2015 will remainatthe same level this year," said the report, adding that increased percentage of service industry accounting for the total GDP will more employment opportunity.

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