China’s growth slowed more than forecast last quarter to the least in almost three years, prompting economists to predict a rebound as Premier Wen Jiabao loosens policy to counter weak domestic and European demand.
China’s economy may grow 9.5 percent in 2011, the China Securities Journal reported today, citing estimates by Fan Jianping, chief economist at the State Information Center.
Inflation in China may exceed 3 percent this quarter driven by rising agricultural products prices, the China Securities Jouranl reported, citing State Information Center Chief Economist Fan Jianping.
"The economic growth slowdown is a natural result of the government's moves to curb inflation and control the property market."
- Fan Jianping on Apr 12, 2012