久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

(Reuters)
Updated: 2007-03-30 08:38

China's central bank expects the economy to slow a little in 2007, but to maintain double-digit growth for the fifth year in a row, according to a report by its research division published on Friday.

An exchange store staff counts Chinese RMB banknotes in Hong Kong May 16, 2006. [Reuters]

The report, carried by the official China Securities Journal, forecast that annual growth in gross domestic product would reach 10.0 percent both in the first half and for the whole year, compared with 10.7 percent in all of 2006.

It estimated that GDP growth would be 10.2 percent in the first quarter, 9.85 percent in the second, 9.8 percent in the third and 10.05 percent in the fourth.

China has been seeking to rein in credit and investment in order to keep the economy on an even keel. To that end, the central bank has raised interest rates three times and increased banks' required reserves five times since last April.

The department also said that consumer inflation would be around 2.3 percent both in the first half and the whole year, up from 1.5 percent in all of 2006, but within the range the central bank has said it is comfortable with -- up to 3 percent.

Annual price inflation would reach 2.35 percent in the first quarter, 2.25 percent in the second, 2.5 percent in the third and 1.9 percent in the fourth, it forecast.

The research department said that both export growth and the trade surplus would ease slightly from 2006, when the surplus jumped by 74 percent from a year earlier to $177.47 billion.

The surplus in the first two months of this year tripled from a year earlier to $39.64 billion.

Related readings: Service trade to reach US$400b by 2010 China's economy growth to keep 10% in 2007: ADB Green GDP shown the red signal Open coastal cities report strong economic performance China to move away from energy-intensive growth Pattern of growth 'has to change' Wen confident in maintaining economic growth

But the bureau said that a slowdown would happen in part as China's recent steps to cut or remove export tax rebates for some products started to show their effects.

The bureau also maintained its forecast that overall fixed-asset investment would grow by about 22 percent in 2007, slowing from the 24 percent pace seen last year.

It said retail sales would expand more quickly in 2007 than in 2006, when they grew by 13.7 percent, but it did not give a specific forecast.

The report did not provide any forecasts on Chinese monetary policy, but it said that the possibility that the U.S. Federal Reserve would raise interest rates this year was small.

The bureau forecast that if the Fed did raise rates, it would do so in the second half.

($1=7.74 yuan)