Indiana Grain Company, LLC

Posted: 10/16/11

By: tomgrisafi

China's economy appears to have grown by 9.3 percent in the third quarter from a year earlier and consumer inflation will gradually fall to 4.6 percent in December, a Tsinghua University report shows Monday.

According to coverage provided by CNBC Sunday evening, the official China Securities Journal cited the report led by Li Daokui, an academic adviser to the central bank, as saying that China's gross domestic economy would likely grow 9.2 percent this year and 8.5 percent in 2012.

Meanwhile, China's inflation dipped to 6.1 percent in the year to September, down from August's 6.2 percent and a three-year high of 6.5 percent in July.

Economists projected annual economic growth of 9.2 percent in the June-September period. The National Bureau of Statistics is scheduled to announce GDP and other activities data on Tuesday.

The report also said inflation would hit 5.5 percent, well above Beijing's full-year target of 4 percent. Inflation would likely ease to 2.7 percent in 2012, it said.

Source: CNBC

Be the first to comment on this blog!