Yonhap reported that major global investment banks predicted Wednesday that China's economy will grow more than 8% in 2013, picking up from the slower growth pace this year.
Goldman Sachs expected a modest recovery in the Chinese gross domestic product next year to 8.2% from an estimated 7.7% for this year.
Deutsche Bank also said China's GDP growth will rise to 8.2% in 2013, saying it will be bolstered in the second half of next year by rising exports.
BNP Paribas forecast a slightly higher 8.3% growth for the world's No 2 economy in 2013.
Mr Chen Xingdong an analyst at BNP Paribas said that "The new leaders place greater emphasis on growth quality and sustainability and view reform as the biggest dividend to growth. Amid an accommodative policy stance and cyclical upturn, we expect GDP growth to recover moderately."
Bank of America Merrill Lynch said China will see growth pick up next year to 8.1%
It said that "After hitting a soft patch this year, green shoots have started to appear in China. Growth will likely peak at 8.3% in the first half but China's structural growth will continue trending down, gradually forcing growth to slow again in the second half."
