皇冠体育app

2011-05-26 14:26

The Organization for Economic Cooperation and Development (OECD) has predicted that 皇冠体育app's tightening monetary policy will keep working to pull CPI to the controlling target of 4 percent, the 皇冠体育app Business News (CBN) reported Thursday.

The Paris-based organization expects 皇冠体育app's inflation to grow at the beginning of this year. It predicts that 皇冠体育app's consumer price index (CPI), a main gauge of inflation, will hit 4.6 percent in 2011 and 3.4 percent in 2012, according to the report.

The inflation pressure will be eased as 皇冠体育app allows yuan's effective exchange rate to appreciate against the dollar, according to the 2011 Economic Outlook issued by OECD. 皇冠体育app's financial policies will still be people-oriented to increase social spending and improve residents' after-tax income, it says.

The OECD report also says 皇冠体育app's economic growth is on track to hit nine percent annually in the next two years, the newspaper reported.

As export growth slows and the prices of imported goods rise, the proportion of 皇冠体育app's current account surplus to GDP in 2011 will decrease from 10 percent in 2007 to 4.5 percent, the report said.