The International Monetary Fund (IMF) has predicted that Chinese gross domestic production (GDP) this year will grow by 8.2 percent year on year in spite of the negative external environment.
The IMF's prediction is mainly based on considerations of current strong demand and investments. The IMF also foresees that Chinese GDP will rise by 8.8 percent in 2013, the same as its previous prediction for the year. As household earnings in China increase, consumption will continue to improve. However, on the negative side, the IMF also referred to difficulties faced by the Chinese real estate market and by Chinese companies involved in foreign trade.