XIAMEN, Sept. 9 (Xinhua) -- China's economic growth is expected to see a mild pickup at the end of this year that will provide room for structural adjustments, Ba Shusong, a researcher with the State Council Development Research Center, said Sunday at the ongoing 16th International Fair for Investment and Trade being held in southeast China's city of Xiamen.
Ba said that with China's pro-growth policies gradually taking effect, the economy has bottomed out and will see mild expansion this year and next year.
He also predicted that China's inflation, which rebounded to 2 percent in August, will gradually climb due to easing monetary policies.
"The inflationary pressure for this year will not be high, but for next year, the rate will reach between 3 to 4 percent," he said.
Ba said inflation and industrial overcapacity concerns have prevented the government from issuing a stimulus plan, as it did during the 2008 global financial crisis.
"The government should leave time for an industry reshuffle and structural adjustments," he said.
Regarding recent infrastructure investment plans, Ba said China needs to rely on investment to shore up growth, adding that reasonable input in infrastructure is necessary to meet the demands of China's rapid urbanization.
BEIJING, Sept. 9 (Xinhua) -- Inflation slightly rebounded in China in August due to higher food prices, making it harder for authorities to balance inflation control and monetary easing in a slowing economy.
China's consumer price index (CPI), a key gauge of inflation, rose 2 percent year on year in August, accelerating from 1.8 percent in July, the National Bureau of Statistics (NBS) said Sunday. Full story
BEIJING, Sept. 2 (Xinhua) -- Upcoming results will show China's economy continued to weaken in August due to the government's caution in one-off stimulus plans and the sluggish recovery of the country's trading partners, a new report by the United Bank of Switzerland Limited (UBS) has predicted.
The Consumer Prices Index (CPI), a main gauge of inflation, will show a rebound in August of 2 percent, up 0.2 percentage points from the previous month, driven by growth in food prices, the UBS said in its weekly report, released on Thursday. Full story
BEIJING, Sept. 8 (Xinhua) -- UBS Securities has lowered its 2012 economic growth forecast for China by half a percentage point to 7.5 percent because of slowing exports and weakened domestic demand.
The institution also cut its growth forecast for China in 2013 to 7.8 percent from a previous projection of 8.3 percent, UBS Securities economist Wang Tao said in a report given to the institution's clients. Full story