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Tianjin (CNS) ample babes.-- China's economy is starting to grow in a stable manner and has sound prospects, according to experts Sunday at the China Mining Conference and Expo 2012.
Based on fourth quarter data concerning foreign direct investment, infrastructure investment and property sales, signs of stabilizing have been found in China's economy, said Ba Shusong, deputy director of the Research Institute of Finance under the State Council's Development Research Center.
Ba pointed out that since China is still in an exploratory stage in terms of sustainable development, greater priority will be given to economic restructuring based on a modest and stable pace of development.
Although the global economy is recovering at a slow pace and plagued by the risk of downturn, China still enjoys a bright economic future, analysts say, as China's GDP growth rate is expected to reach 8.3 percent, according to an official with the International Monetary Fund.
Their opinions were echoed by Cao Yuanzheng, chief economist of the Bank of China. Since one-fourth of the newly-added global demand comes from China, the oriental power's boosted domestic demand will greatly change the international economic landscape, he said.
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