China Predicts 10% Growth But Higher Inflation in 2011

Mainland China economic growth and inflation is forecast to grow 10% and 3.3%, respectively, next year, reports the South China Morning Post.

 

"How to deal with the relationship between economic growth, prices and social stability will be an important issue for macro control in 2011," Wang Tongsan, director of CASS' Institute of Quantitative and Technical Economics, told the Post. Surges in the prices of bulk commodities in the global market had helped raise domestic prices.

 

But international observers are less optimistic about next year, says the Post. The World Bank projects China's growth to ease to 8.7% in 2011 and further slow over the medium term. The International Monetary Fund predicts a 9.6% growth in 2011.

 

 

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