CHINA ECONOMY FORECAST TO GROW 10% IN 2011

(…) The Chinese Academy of Social Sciences (CASS) said in its annual Blue Book of China’s Economy report that the economy will grow by 9.9 percent in 2010 and will retain relatively rapid growth, with the GDP growth rate reaching 10 percent in 2011.

The think tank also said that the intensity of the government’s macroeconomic policies will remain stable, while the country’s fixed-asset investment growth is likely to slow to 20 percent in 2011 from an estimated 23.5 percent pace this year.(…)

The World Bank in November said that China’s economic growth may slow to 8.7 percent next year, and will see further easing in the medium term.(…)

Goldman Sachs has forecast that the nation’s inflation rate will grow 4.3 percent next year, higher than the 3.3 percent predicted by CASS.(…)

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