The Chinese Information Center expects the economy to grow 8.5% in the Third quarter

The Chinese Information Center expected the economy to expand in a faster pace during the third quarter, while it forecasted that consumer and producer prices will continue edging down along with falling energy and raw materials prices. Retails sales and industrial output are anticipated to gain. The Chinese Information Center is expecting that the economy will grow 8.5% during the third quarter, after the economy expanded 7.9% in the second quarter getting closer to the government's target