China to introduce policies on stock, property markets: expert

An academic at Tsinghua University believes rational policies will be introduced in stock market and property market.
 
Li Daokui, director of the World Economy Research Center of Tsinghua University said the accelerated growth pattern of China's economy has begun.
 
"The Chinese economy hit the bottom in the first quarter and accelerated in the second quarter; with the figures confirmed by forecast by academics. It is not a problem for the country to achieve the 8 percent growth rate target."
 
He said fixed-asset investments are driving this round of economic acceleration when he talked about the performance of China's economy in the first half year.
 
Fixed-asset investment grew by 33.5 percent year-on-year in the first half year and increased by 35.3 percent in June, according to the National Bureau of Statistics.
 
Li also predicted the annual growth rate of fixed assets investment is expected to surpass 35 percent, and the policies of macro control will maintain the general pattern in the second half of the year.
 
 

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