Economy forecast to grow by 7.3%

PUBLISHED : Wednesday, 26 April, 2000, 12:00am
UPDATED : Wednesday, 26 April, 2000, 12:00am

A government think-tank has forecast the economy will grow an average 7.3 per cent a year until 2020.

'We expect China's productivity to maintain a relatively rapid growth rate over the next 20 years,' the China Business Times quoted a research report by the cabinet's Development Research Centre as saying.

Gross domestic product grew a year-on-year 8.1 per cent in the first quarter of this year after expanding an annual 7.1 per cent last year.

The economy grew an average 9.9 per cent between 1994 and 1998, according to official figures.