China's CPI to grow 3% in 2010: CCB report

12:15, February 10, 2010      

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China's Consumer Price Index (CPI), a main inflation index, might climb 3 percent in 2010 year on year, according to a Wednesday report released by the China Construction Bank (CCB).

It is not likely for China to see a rocketing inflation in 2010, while China might register a year-on-year gross domestic product (GDP) growth of around 9.5 percent, according to Wednesday's China Securities Journal, a newspaper run by Xinhua.

China's CPI increased 1.9 percent year on year in December last year. The figure rose sharply from a 0.6 percent growth in November when the index ended nine months of decline.

The government should step up efforts to improve the domestic economic growth efficiency and quality in line with changing situations, said the Beijing-based CCB.

Source:Xinhua
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