Chinanews, Beijing, December 6 – China's GDP will grow by 9.5% in 2007, according to JP Morgan Chase & Co.

 

It estimates that investment on fixed assets in China will grow by 15% to even 20%, domestic consumption will grow by 14% and export by 20%. Thus it is easy for China's GDP growth to meet the estimation.

 

Though the economy of the US is on the decline, JP Morgan Chase & Co does not think it will affect China greatly, unless most US enterprises reduce their expenses by large margins, or it will not cast a shadow on Sino-US trade. Some analysts believe every 1% drop in US GDP growth will scale down 5% of China's export, but JP Morgan Chase & Co believe it is good chance for China to stimulate its domestic market.