China's GDP growth to slow to 7.62%

 China's GDP growth is expected to slow to 7.62 percent in 2014, down 0.08 percentage points from 2013, research by Xiamen University showed on Thursday.

Concern over overcapacity and ballooning local government debt will curb the investment urge, the study showed.

The growth rate for 2015, according to the study, will rebound to 7.79 percent, helped by economic restructuring.

The CPI may grow 0.2 percentage points to 2.82 in 2014 and increase further to 2.92 in 2015, according to the report.