China: 2008 Growth Forecast at 10.9 Pct

BEIJING — China's economic growth is expected to slow slightly next year to a still robust 10.9 percent, with inflation at 4.5 percent, the central bank's research bureau said in a forecast reported Friday by a government newspaper.

The country's global trade surplus is expected to rise 20 percent next year to US$300 billion (euro209 billion), said the forecast, reported in the China Securities Journal.

China's economy is expected to expand by more than 11 percent this year, up from annual growth of 10.7 percent in 2006 — the highest since 1995.

Consumer inflation has picked up and hit a decade-high monthly rate of 6.9 percent in November, far above the official 2007 target of 3 percent.

Back To Top

	Stagflation: imagine inflation of consumerables, deflation of assets and negative economic growth	Bloomberg.com	Thu Dec 20	5
	Consumer Spending Surges in November	Associated Press	Fri Dec 21	1
	China Raises Interest Rates for 6th Time	Associated Press	Thu Dec 20	0