--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
SPORTS
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Chinese Women
Film in China
War on Poverty
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service
China Calendar
Trade & Foreign Investment

Hot Links
China Development Gateway
Chinese Embassies

Manufacturers, Exporters, Wholesalers - Global trade starts here.
Report Predicts No Deflation in Next 2 Years

The Chinese macro economy is unlikely to witness deflation in the next two years, according to a recent report from the China International Capital Corporation.

Both the investment and consumption will continue to accelerate because of the loosened monetary policy and lowered energy price, the report says, predicting a 9.2 percent growth of Chinese GDP (gross domestic product) this year.

In the next two years, the inflation pressure will still exist and deflation in a real sense will not occur in China, it says.

Against the backdrop of a slowed global economy, Chinese export growth will slow down, while its investment rise will maintain high speed, it says.

The oversupply problem in some domestic industries will not offset all price increases, and the government will keep the grain price at a high position so as to avoid deflation and safeguard farmers' interests, according to the report.

(Xinhua News Agency November 24, 2005)

Top Statistician Sees Solid Growth Next Year
Central Bank: No Sign of Deflation in China
China's Economic Growth Not Deflating
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688