China's GDP growth to fall below 9% after 10 Years

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China's GDP growth may drop below 9% in 2012 due to the overall slowdown in global growth. China's GDP grew by 10.3% in 2010  while in 2008 and 2009 it maintained the annual growth of more than 9%. The last sub 9% growth was in 2001, when the economy expanded by only 8.3%. China's economy is highly dependent on Europe and North America, for its exports to these regions.
A Reuters poll in July showed analysts expect China's economic growth to slow from 9.3% in 2011 to 8.8% next year.

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1 comment:

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