According to a major economic report, GDP growth next year is likely to be higher than in 2012.
Chinese Academy of Social Sciences said in its "blue book" report that China is set to achieve 8.2% annual GDP growth in 2013, higher than the predicted 7.7 growth for 2012.
The report said that predicted GDP growth for 2012 will be the lowest since 2000 because of sluggish export demand and the subsequent slowdown in industrial production.
The report also suggested that a decade from now, GDP growth will remain robust and record average annual rates of between 7.5 and 8%
According to the National Bureau of Statistics, GDP growth was 9.3% in 2011 and 10.4% in 2010.
The report added that the secondary sector, including production and construction, is expected to contribute 4.1 percentage points to GDP growth, falling from 5.2 percentage points in 2011. The service sector may drive growth by 3.3 percentage points, against 3.9 percentage points last year.
Mr Li Xuesong deputy head of the academy's Institute of Quantitative and Technical Economics said that "Excess production capacity and retreating profits require further economic structural reform, and the priority for the government is to stabilize growth."
