China’s Economy May Grow 10% in 2011, CASS Forecasts

China’s gross domestic product will grow 10 percent next year and inflation will average 3.3 percent, the Chinese Academy of Social Sciences said in its so-called Blue Book on the economy.

China will maintain relatively rapid growth provided macro- economic controls are stable, according to the report, released at a briefing in Beijing today.

The government is winding back the stimulus policies that drove the nation’s rebound from the global financial crisis, raising interest rates in October for the first time since 2007. Premier Wen Jiabao is seeking to counter inflation at a two-year high and the risk of property-price bubbles in some cities.

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- Posted: 2010-12-07 13:21:26

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