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China economy to grow 10% next year: Think-tank

China economy to grow 10% next year: Think-tank
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First Published: Tue, Dec 07 2010. 08 31 AM IST
Updated: Tue, Dec 07 2010. 08 31 AM IST
Beijing: China’s economy will probably grow about 10% next year, roughly level with a 9.9% pace this year even as investment slows, a top government think-tank said on Tuesday.
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.
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First Published: Tue, Dec 07 2010. 08 31 AM IST