China returns to a crisis growth rate

The growth of the economy of the PRC can slow down to 7.5% in the second quarter of this year against the backdrop of the situation in the real estate market and a decline in external demand, RBC reports with reference to the forecast of the State Information Center of the PRC.

If the forecast is justified, the growth of Chinese GDP in the II quarter of 2012 will become the slowest since the beginning of 2009, when the world economy has been in the power of the financial crisis.

The forecast of experts of the State Information Center coincides with the official target indicator of the country's government for economic growth for 2012 at the level of 7.5%established in March.

Meanwhile, the growth of Chinese GDP below 8% will concern many investors who consider this level of economic growth minimal to ensure a sufficient number of jobs for hundreds of millions of low -paid seasonal workers from rural regions.

According to the forecast of experts of the State Information Center, the growth of consumer prices in the II quarter of 2012 will be 3.3%. In April 2012, inflation in the PRC slowed down to 3.4%, despite the significant increase in food prices, which gives the government the country to mitigate the monetary policy to prevent the growth of Chinese GDP growth for the sixth quarter, experts say.

China GDP in the first quarter of 2012 increased by 8.1% in annual calculus. At the same time, the official assessment of economic growth in January-March this year turned out to be worse than the expectations of analysts who predicted growth at 8.3%. The report said about the unstable economic situation in the world and intra -economic challenges that negatively affected the growth of GDP. Economics growth was characterized as "stable" and "relatively high." The growth rate of GDP of the PRC in the first quarter of 2012 became the lowest since the II quarter of 2009.

In early April 2012, the World Bank reduced its forecast for the growth of the Chinese economy by the current year to 8.2% from the previous 8.4%. The expectations of the "soft landing" of the PRC economy are associated with debt problems and recession in Europe, which is the main trading partner of the PRC.