Economy To Slow And CPI Over 4%
By Chen Li |
January 18, 2011, Tuesday
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Print Edition
Print Edition
UBS Securities projected China's economic growth to slow to 9 percent in 2011 and 2012 and inflation to hover above 4 percent.
Wang Tao, its chief China economist, said the country's economic growth will slow to 9 percent for two years from 10 percent in 2010 while the Consumer Price Index, a main gauge of inflation, will jump to 4.3 percent this year and 4 percent next year.
The high inflation will bring more hikes in the reserve requirement ratio on banks.
Wang Tao, its chief China economist, said the country's economic growth will slow to 9 percent for two years from 10 percent in 2010 while the Consumer Price Index, a main gauge of inflation, will jump to 4.3 percent this year and 4 percent next year.
The high inflation will bring more hikes in the reserve requirement ratio on banks.
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