Chinese Academy of Sciences report predicted GDP growth of 9.8% this year, serious inflation does not occur

 Yesterday, the Chinese Academy of Sciences Research Center forecast issued in Beijing CPI will reach 3.7% in about serious inflation does not occur.

the main thrust of domestic demand into the economy

Research Centre of Chinese Academy of Sciences predicted
experts predict that China's economic growth in 2011 before the advent of low-high trend. Domestic demand as the main driver of China's economic growth; the contribution of consumption to economic growth rates have risen, but still below normal levels; investment growth is rapid; export growth lower than in 2010; the year is expected China's economy will be more smooth development of the difference between the quarterly GDP growth rate substantially reduced compared with the previous three years.

the highest first quarter CPI

for the price, experts expect the highest CPI in the first quarter, after each quarter will show a downward trend. Major factor in price increases this year, prices of agricultural products, wages increase and imports of crude oil, iron ore prices, abundant liquidity and other currencies.

report emphasizes the lack of serious inflation in China in 2011 the material basis. Last year, China's grain output reached 10,928 billion kg, an increase of 2.9%. China's grain yield for seven consecutive years the basic stability of food prices has laid a foundation. Vegetables, a short growth cycle, the Government has vigorously to ensure that the supply of agricultural policy and under the influence of the higher prices of vegetables, vegetable growing area will increase. Adequate supply of food products, will not be a result of the imbalance between supply and demand prices. China's manufacturing industry oversupply of most products, excess capacity, most of the prices of industrial products will be more stable. Appreciation of the RMB, the yuan will reduce the price of imports measured, to a certain extent, ease price pressures.

price growth will fall

for the price, the report is expected this year, China's real estate market prices will be difficult to maintain high growth, growth will fall. (Xinhua Li Tiezheng)