China’s GDP Growth Surge May Make Wen’s Inflation Task Tougher

China’s stronger-than-anticipated economic rebound in the fourth quarter may make it harder for Premier Wen Jiabao to achieve one of his main goals for 2010: convincing the public that consumer prices won’t surge.

Inflation accelerated to a more-than-forecast 1.9 percent in December and gross domestic product climbed 10.7 percent, the National Bureau of Statistics said in Beijing yesterday. Since October, policy makers have said managing inflation expectations is one of the government’s central objectives.

“The impression that strong inflation is back clearly matters to officials seeking to dampen rising inflation expectations,” said Mark Williams, an economist at Capital Economics Ltd. in London who worked at the U.K. Treasury as an adviser on China from 2005 to 2007.

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- Posted: 2010-01-21 10:59:51

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