OREANDA-NEWS. February 14, 2013. The agencies participating in the “Foresight Cup” Macro-Economy Forecasting Annual Award estimated that China’s GDP growth will stand at 8.1% in 2013.

Yao Wei, an economist at Societe Generale China, told “Capital Week” that the continuous go-down of the Chinese economy in the past two years is caused by policy in face but structural element is the deeper cause, which means renaissance for China’s economic growth will be a tough road.

Societe Generale estimates that 2013 GDP growth will be on par with 2012, with Q1 growth at 8.2%.