Liu Manping of the China National Development and Reform Commission (NDRC) Price Monitoring Center said on Monday (November 23) that China’s economic growth rate is expected to exceed 9.0% next year, and inflation is expected to rise slowly since the second half of next year, China or In the middle of 2010, we began to withdraw from the stimulus policy.
He predicted that China's domestic investment and consumption will continue to grow at a rapid rate next year, and exports will improve substantially. Therefore, the economic growth rate is expected to exceed expectations. In addition, the consumer price index (CPI) will exceed 3.5% around July 2010, exceeding the upper limit of moderate price increases.
Liu Manping pointed out that it is necessary to pay attention to the fact that it has not avoided the impact on the economy that is stabilizing, and China will only withdraw its stimulus policy in a slight and gradual manner.
He also said that some stimulus policies can even consider making changes in the near future.
With China’s strong economic recovery and the addition of large amounts of credit and money supply igniting concerns about rising inflation risks, the market’s discussion about when the government will embark on stimulus policies has become more intense. The news said that the Chinese government will hold an annual economic work conference in the near future to formulate the economic development plan for 2010.
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