China forecasts slowdown of GDP growth to 8.4% in quarter I

The growth of China’s GDP in quarter I of 2012 slowed to 8.4%, predicts the National Development and Reform Commission of China. According to the committee, it is the lowest level since the first half of 2009.

The forecast of economists surveyed by Bloomberg is somewhat lower: 8.3%. Official data on the details of China’s GDP in quarter I will be released at 6:00 GMT on April 13.

In the quarter IV of 2011 China’s GDP grew by 9.2%. In early March, China’s State Council announced that it will strive to increase GDP by 7.5% this year, which is the lowest level since 2004.