China’s GDP likely to grow 9% in 2011: Government Research

15:23, April 26, 2011      

Email | Print | Subscribe | Comments | Forum 

China’s GDP is likely to grow 9 percent in 2011, and its trade surplus may shrink to 140 billon U.S. dollars, representing 2 percent of its GDP, according to a report released by the Development Research Center of the State Council on Monday.

The report said that domestic inflation has not yet peaked, and there remains considerable inflationary pressure.

The report also noted that China will face an increasingly deteriorating external trade environment due to surging global commodities prices. Its imports may grow 25 percent this year, while its exports may grow only 20 percent. China posted a trade surplus of 183.1 billion U.S. dollars in 2010.

China’s foreign trade growth rate may fall slightly in 2011 from last year, according to the “China’s Foreign Trade Situation Report (Spring 2011)” recently released by the Ministry of Commerce. The ministry predicted that China’s imports may continue to grow faster than exports this year, leading to further improvements in the trade balance.

Due to the rapid economic growth, surging global commodities prices, the Spring Festival holidays, and other factors, China recorded a trade deficit of slightly over 1 billion U.S. dollars in the first quarter of 2011, its first quarterly deficit in nearly six years.

The Chinese Academy of Social Sciences, another major think-tank in China, said earlier this month that the country’s GDP may rise nearly 10 percent in 2011.

By People's Daily Online
BRICS Leaders Meeting 2011
Japan in aftershocks
  Weekly review  
April 20   Beijing-Shanghai high-speed rail to remove luxury seats
April 18   China undergoing shift into nation of consumers
April 18   Zhejiang checks food, raids illegal bun makers
April 19   SASS: Chinese students mentally healthier than Asian peers
April 23   The week in pictures
April 19   Build legal bulwark against moral decline
April 21   'China model' 30 years on: from home to abroad
April 21   Piano student's bloody crime heart-wrenching in China
April 18   China places firmer lid on home prices
April 19   China puts brake on economic bullet train


  • Do you have anything to say?


Special Coverage
  • BRICS Leaders' Meeting 2011
  • Focus On China
Major headlines
Editor's Pick
  • 2011 Fashion Asia Award Presentation Ceremony
  • Willow Smith: Like Father, Like Daughter
  • Gaddafi unhurt from NATO airstrike on his compound
  • Dzeko's goal earns Man City win over Blackburn
  • Jimmy Carter visits DPRK to ease tensions on Korean Peninsula
  • Penghu Ocean Fireworks Festival 2011 kicks off
Most Popular
Hot Forum Dicussion