Economic growth in China expected to be 8.5% for 2003
According to the statement made by the chairman of the National Development and Reform Commission (NDRC) of China, with the recovery in the economic structure, gross national product (GNP) is expected to reach Yuan 11 trillion (almost $1.3 trillion). It is also reported that fixed investments which were secured by banks and funds account to Yuan 5.3 trillion ($640 billion). Statistical data of the Commission reveals that forecast of China's foreign trade is Yuan 6.8 trillion ($820 billion). In consequence of these economic indicators, showing an upward trend, Chinese economy is expected to grow 8.5% this year.