The external environment is expected to improve gradually in 2013. Although the global economy as a whole is forecast to begin recovering only later this year, growth in the PRC has already begun acce...
lerating, with economic activity showing signs of turnaround in the last quarter of 2012, as industrial and electricity production both started to grow more quickly (Figure 1.1.7). Growth is expected to continue accelerating in the first half of 2013 and then stabilize for the rest of this year and next, as the impact of the mid-2012 stimulus fades and greater efforts are made to comply with more stringent environmental targets.
Source: CEIC Data Company (accessed 6 March 2013).
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