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BEIJING cheap nike air max 90 white trainers , Dec. 14 (Xinhua) -- Based on China's macroeconomic data for November, Bank of America (BOA) Merrill Lynch has raised its forecast for China's GDP growth in the fourth quarter of 2013 to 7.8 percent from its previous 7.7 percent.


China's November activity data came in with faster retail sales growth, slower fixed asset investment growth and softer industrial production growth.


The moderation of industrial production growth to 10 percent in November, from 10.3 percent in October, "was mainly a result of a high comparison base thanks to the strong rebound at the end of 2012", said BOA Merrill Lynch's chief China economist Lu Ting in the financial institution's latest report cheap nike air max 90 white online , released on Thursday.


For the full year of 2013, BOA Merrill Lynch maintained its GDP growth forecast for China at 7.7 percent.


With the current momentum, year-on-year GDP growth could rise to 8 percent in the first and second quarters of 2014, thanks to a fall in comparison base, according to the report.


The institution also said it expects the Chinese government to set its 2014 full-year growth target at 7.5 percent, the same as that for 2013 cheap nike air max 90 white wholesale , for three reasons.


Firstly, a growth of 7.5 percent is reachable given current domestic demand momentum and global prospects.


Secondly, Chinese leaders believe that some of their scheduled reforms could support growth if they help improve efficiency.


Thirdly, the Chinese government cut its growth target to 7.5 percent in 2012 from an 8-percent target in 2005-2011, and will be wary of cutting again for 2014 as people might lose confidence, said the report.


China's economic growth accelerated to 7.8 percent in the third quarter of 2013. It picked up from 7.5 percent in the second and 7.7 percent in the first quarter.


China's National Bureau of Statistics is expected to release China's fourth-quarter and 2013 full-year GDP growth rates in mid-January.


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China: GDP not the only benchmark cheap nike air max 90 white black , but still important


BEIJING, Dec. 10 (Xinhua) -- China has promised to cut the weight of GDP when assessing the work of local governments, but the country has not scrapped economic development, central authorities said Tuesday.


The Organization Department of the Communist Party of China (CPC) Central Committee issued a document on Monday promising to shift away from GDP-obsessed assessments of local governments as the nation attempts to bring its economy onto a more sustainable track. Full story


China to improve evaluation system to cut GDP obsession


BEIJING, Nov. 20 (Xinhua) -- China will improve its evaluation system for measuring economic performance, putting greater emphasis on growth quality to cut local obsession with GDP data cheap nike air max 90 white mens , according to the head of the country's top economic planner.


China will increase the weight of factors such as resource consumption, environmental cost, work safety and local debt in assessing local economic growth, and put more emphasis on employment, res. Cheap Nike NBA Hoodies Cheap Adidas NHL Hats Cheap College Hats Cheap Baseball Hats Cheap College Shirts China Cheap Jerseys China Wholesale Cheap NHL Jerseys China Cheap Replica NFL Jerseys Cheap Authentic Soccer Jerseys Wholesale Adidas NHL Jerseys