2011 China’s economic growth is 9.2% compared to 10.4% in 2010
Beijing had set a growth target of around 8.0% for 2011.
“This indicates our economy is still good and quite stable, and a soft landing for the economy is more possible. Therefore, the government is likely to postpone the next policy easing move,” said Li Huiyong, economist at Shenyin Wanguo Securities in Shanghai.
Output from the country’s millions of factories and workshops rose 13.9% for all of 2011, a slower pace than in 2010, as manufacturers faced reduced demand from key export markets.
Statistics bureau chief Ma Jiantang warned that China could face a tough year ahead in light of Europe’s sovereign debt crisis.
“We must say that 2012 will be a year of complexity and challenges,” he told a news conference.
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