“China’s economic growth may quicken to 8.2 percent in 2013 from an expected 7.7 percent this year in response to official growth-promoting polices, but downside risk remains from global uncertainties, the Chinese Academy of Social Sciences (CASS) said on Wednesday.
The country’s top think tank said in its “bluebook” report on China’s economy that Beijing should boost budgetary help to the economy by borrowing and spending more, and cutting taxes that hinder economic efficiency.
China has not yet issued an official GDP forecast for 2013,but CASS’s status as the premier state-backed center for academic and policy research means its outlook to a certain extent reflects central government thinking….”
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