China recovering from `soft landing'

January 23, 2013 @ 8:47 am

DAVOS, Switzerland (AP) - The head of China's National Economic Research Institute says his country's economy is now recovering from its "soft landing" and that the big challenge in 2013 will be to prevent it overheating.

Fan Gang told a session on China's growth prospects at the World Economic Forum Wednesday that the world's second-largest economy should grow faster in 2013 than it did last year.

China posted growth of 7.8 percent last year, its weakest performance since the 1990s.

Fan said that in 2013 China could grow between 8 percent to 8.5 percent.


(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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