China recovering from 'soft landing'

AP News
Posted: Jan 23, 2013 10:31 AM

DAVOS, Switzerland (AP) — The head of China's National Economic Research Institute says his country's economy is now recovering from its "soft landing" and that the big challenge in 2013 will be to prevent it overheating.

Fan Gang told a session on China's growth prospects at the World Economic Forum Wednesday that the world's second-largest economy should grow faster in 2013 than it did last year.

China posted growth of 7.8 percent last year, its weakest performance since the 1990s.

Fan said that in 2013 China could grow between 8 percent to 8.5 percent.