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Q4 Growth May Ease to 9%

Q4 Growth May Ease to 9%

Write: Rahman [2011-05-20]

China's economic growth may further moderate to 9 percent in the fourth quarter of 2010 from 9.6 percent in the previous three months, and for the whole year the rate is expected to settle at around 10 percent, analysts said.

The quarterly slowdown was largely due to a higher comparative base and tightening monetary policies to cool inflation.
With food prices stabilizing, December's Consumer Price Index, the main gauge of inflation, may increase 4.3 percent on an annual basis, a fall from November's 28-month peak of 5.1 percent.
Inflation last year may well settle at 3.3 percent, exceeding the national target of 3 percent.
The General Administration of Customs said on Monday that China's exports climbed 31.3 percent to US$1.58 trillion, while imports jumped to US$1.39 trillion, up an annual 38.7 percent.