Deutsche Bank increases forecast of growth rates of Chinese economy in 2012 due to three positive factors
2012-03-26 15:43:17
The largest German bank increased its forecast proceeding mainly from three positive factors, said the chief economist for China Jun Ma, in his article, published in Hong Kong.
According to the Xinhua agency, despite the fact that in 2012 the Chinese government predicts a 7.5% growth, which is the lowest rate of growth of national economy for many years, the Deutsche Bank, by contrast, raised its forecast to 8.6%. This concerns the growth of the index of export orders in China amid more optimism than ever before regarding US and economic growth forecasts. In this regard, the German bank raised its forecast for China’s export growth from 8 to 13%.