Jun 15, 2012
(Reuters)
China's annual economic growth could drop below 7% in the second quarter, a government adviser said, the most pessimistic forecast of any government or private-sector economist.
Sub-7% growth would reflect the pace of the economy during the global financial crisis. China reported economic growth of just 6.6% in the first quarter of 2009.
Another top government think-tank forecasts second-quarter growth of 7.5%, cutting its earlier prediction of 7.8%. It expects the second quarter to be the bottom of the down cycle.
