China growth may stay over 8.5pct in 2012: report

China’s economic growth will likely slow but may remain above 8.5 percent next year, the state-run China Securities Journal reported Monday, citing Li Daokui, an advisor to the People’s Bank of China.

China’s inflation will likely be in a range between 3 percent and 5 percent over the next few years, and anti-inflation remains a major topic for the government, Li Daokui was quoted as saying at a forum.

China’s economy expanded 9.4 percent in the first nine months of this year, and economists expect the country to post a rise of around 9 percent in its gross domestic product for the full year.

The country’s consumer price index rose 4.2 percent in November from a year earlier, slowing from October’s 5.5 percent rise.

http://www.marketwatch.com/story/china-growth-may-stay-over-85-in-2012-report-2011-12-11

 

Category: China