China's stock market will continue its bullish performance next year to achieve a 20-percent growth in its total value, says a report published by the State Information Center on Thursday.

 

The report draws the conclusion from the anticipation that China's listed companies will record a 20-percent growth in business.

 

Meanwhile, the stock market will see a fierce restructuring, with major blue chips to go on rising, but most seeing shares to tumble by a big margin, according to the report.

 

The total market value of China's stock market hit a record eight trillion yuan (one trillion US dollars) on Dec. 20, making it the largest emerging stock market in the world.

 

With a booming stock market and rising Renminbi value, more capital will pour in to drive up Chinese shares, says the report.

 

It says a stable, rapid national economic growth and the vigor of the world's leading stock markets will also contribute to domestic market boost.

 

China's gross domestic product (GDP) value will most probably record an increase of 9.5 percent next year, down from the estimated 10.5 percent rise for this year, provided that no major incidents upset the world economy and that state macro-control measures are effectively implemented.

 

There remains a 30-percent probability that the economy will maintain its 10.5-percent growth if the government fails to curb excessive currency liquidity, says the report.

 

(Xinhua News Agency December 30, 2006)