Latest News:  
Beijing   Overcast/Sunny    12 / 1   City Forecast

People's Daily Online>>China Business

China may meet 4% inflation target

By Ding Yining (Shanghai Daily)

08:28, March 23, 2012

CHINA may meet its inflation target of 4 percent this year and its economy may grow about 8.5 percent as long as there is no major global financial crisis and the domestic property market remain stable, a senior researcher of a state think-tank said yesterday.

However, there is a risk of the gross domestic product shrinking due to a slowdown in the US and Europe and the impact of a shift to domestic consumption in the second quarter, Yu Bin, director of the macro-economic research department of the Development Research Center of the State Council, said at a news conference in Beijing yesterday.

"China's economy may grow 8.5 percent in the first quarter and at around the same pace for the full year," Yu said.

There is some room to adjust slightly monetary policy as inflation pressure eases and the economy is growing at a stable pace, he added.

Email|Print|Comments(Editor:王莉莉)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Century-old Nanjing W. Railway Station to go into history

  2. Last tribe in China: Wengding tribe in Yunan

  3. Rivers polluted, water tainted in Zhejiang province

  4. Jiangsu police seizes imitation guns

Most Popular

Opinions

  1. Chinese economy will not suffer a hard landing
  2. Monk move in Nansha Islands new ploy by Vietnam
  3. Protectionism cannot save U.S. auto industry
  4. China continues to promote peace in Afghanistan
  5. Nuclear security cooperation
  6. Arms race will happen, but who to blame?
  7. Why China can't persuade N.Korea alone
  8. WTO's raw materials ruling reveals bias
  9. 21st Century classrooms needed for the future
  10. West's rare earth claim against China unreasonable

What's happening in China

Red Cross delivers water to drought-stricken Yunnan

  1. Massive water diversion project accelerates
  2. Beijing to increase pollution monitoring
  3. 30 percent of Chinese adults overweighted
  4. Windows Phone system seeks to bite into Apple
  5. Consumer put off by four-legged frozen chicken

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai