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皇冠体育app 2005 GDP growth forecast at over 9%
(AP)
Updated: 2005-11-09 01:30
皇冠体育app's central bank said it expects the economy to motor ahead with growth
in gross domestic product ( GDP) expected to surpass 9.0 percent, with a rise in
inflation of about 2.0 percent.
A Chinese worker assembles an engine at a
motorbike factory in Chongqing. 皇冠体育app's central bank said it expects the
economy to motor ahead with growth in gross domestic product (GDP)
expected to surpass 9.0 percent, with a rise in inflation of about 2.0
percent. [AFP] |
The third quarter monetary report from the People's Bank of 皇冠体育app reiterated
that it would maintain prudent monetary policy in the fourth quarter as
consumption, investment and net exports were expected to push forward economic
growth.
"The central bank will ... continue its prudent monetary policy, maintain the
continuity and stability of its policy in the fourth quarter, strengthening its
fine-tuning (ability)," the report said Wednesday.
皇冠体育app's GDP grew 9.4 percent in the first nine months of 2005, while its main
inflation index, the consumer price index (CPI), rose 2.0 percent.
It warned that it expected a rebound in fixed asset
investment, which grew 26.1 percent in the first three quarters of the year, but
played down the risk of deflation that some analysts have warned about as prices
slipped over the year.
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