China’s economy will probably grow about 10% next year, roughly level with a 9.9% pace this year even as investment slows, according to a Reuters report citing a top government think-tank.
The Chinese Academy of Social Sciences also forecast that inflation would remain moderate, with the consumer price index rising 3.3% next year, up a touch from an expected 3.2% this year.
Fixed-asset investment growth, the most important engine of China’s economy, will slow to 20% in 2011 from an estimated 23.5 % pace this year, CASS said in its annual blue book of forecasts.
Economists polled by Reuters also see the Chinese economy growing 10% this year, but differing from CASS, they expect it to slow to 8.9% next year. – Source: Reuters
