China C. Bank Adviser Says GDP Growth May Ease To 8.5% In 2012: Reports

2011-11-04 11:11:51

China's economic growth may slow to 8.5 percent next year, reports said Friday quoting Li Daokui, an adviser to the People's Bank of China.

The gross domestic product growth moderated to 9.1 percent in the third quarter from 9.5 percent in the second quarter. In 2011, the economy is estimated to grow 9.2 percent.

The GDP grew 10.4 percent in 2010. The Asian Development Bank forecast China to expand 9.3 percent in 2011 and 9.1 percent in 2012.