Citibank June 25, 2012 economic growth forecast down from 8.1% to 7.8%. The bank said that the downward mainly due to further deterioration of the second quarter of the domestic economic slowdown and the situation of the euro area.

Citibank said that the Chinese economy has stabilized in the low growth, second quarter GDP growth slowed to 7.3 percent.

Citibank also pointed out that unless the debt crisis in the euro area is intensified and led to the decline of the euro area and lead to a worldwide financial crisis, otherwise the Chinese will not introduce a package of economic stimulus plan as the 2008 - 2009 as  


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