The Chinese economy's recovery may pick up later this year, as experts believe it will bottom out by the middle of the year, according to Bloomberg.
A bottoming of the economy would be partly due to a series of government interventions to help level-out indicators and encourage overall growth. In all, there is an expected growth rate of 8 percent by the end of the year, one expert said, the news source reported. The country hopes to not only help improve its own standing on the economic stage, but also aid in the global economic situation.
"Facing a complex and grave external economic environment, China has taken targeted measures to strengthen and improve macroeconomic regulation, accelerate the shift of the growth model, adjust economic structure and build long-term mechanisms to boost domestic demand," said Hu Jintao, president of China, at a summit, according to the news source.
Continued improvements in the Chinese economy may be directly linked to how the Asian nation's commercial real estate industry fares in the future. This is due to the market's significant growth in recent years.